If the dollar value of paper produced and the total wages paid to labor both rise, value added in the paper industry could be unaltered

Indicate whether the statement is true or false

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Economics

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Exhibit 30-5

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A. C and A; Q1. B. D and B; Q1. C. D and B; Q2. D. A and B; Q2.

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Economics

When government corrects a market with an externality present by allowing participants to buy up to the point where their net benefit is zero, they must be:

A. imposing a tariff. B. offering a Coase tax. C. mandating a quota. D. imposing a tax.

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Economics

Any permanent change in the quantity of any factor of production available capital, technology, land, or labor can cause a shift in both the long-run and short-run aggregate supply curves

a. True b. False Indicate whether the statement is true or false

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Economics

Refer to the figure below. If the original curves are MB1 and MC1, rational consumers will gather ________ units of information. 

A. 4 B. 9 C. 6 D. 5

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Economics