Which of the following products is most likely to provide positive externalities?
a. a concert ticket
b. an ice cream cone
c. a college degree
d. a toothbrush
c. a college degree
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See table below. Does production exhibit increasing costs? Which ring and machine combination will achieve the highest growth in the production of mood rings? Saturn Rings Machines 30 0 20 5 10 8 0 10
What will be an ideal response?
Incrementalism may be an efficient way to craft a budget because _____
a. it minimizes government size b. it is difficult to measure the benefits of many government programs c. it removes special interest influence from the budget process d. it requires that programs be cost-effective to continue
Assuming the market is in equilibrium in the graph shown with demand D and supply S1, consumer surplus is:
A. greater than consumer surplus when market is in equilibrium at D and S2.
B. less than consumer surplus when market is in equilibrium at D and S2.
C. the same as consumer surplus when market is in equilibrium at D and S2.
D. zero.
To measure economic growth, economists look at the ______ real output of services and goods per capita.
a. annual percentage change in b. change in monthly total c. historical yearly change d. percentage daily change