If the production of oranges reduces global warming, then the equilibrium quantity of oranges will be ________ the socially optimal quantity.

A. lower than
B. equal to
C. more valuable than
D. higher than


Answer: A

Economics

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A) all; unknown B) some; unknown C) some; known D) all; known

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Define what dead capital is and why economists are concerned with its existence

What will be an ideal response?

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The pre-Keynesian or classical economic theory predicted that in the long-run the economy would experience:

a. long periods of high unemployment. b. rising rates of inflation. c. only temporary periods of high unemployment. d. idle factors of production.

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