The economic argument that it is in society's best economic interest to pay for the education of "someone else's child" is the
A. moral obligation argument.
B. positive marginal benefit argument.
C. positive externalities argument.
D. positive marginal cost argument.
Answer: C
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Using Figure 1.7, we know the production of 5 units of soda and 2 units of pizza is 
A. impossible because we have the resources but do not have the technology. B. impossible because we have the technology but do not have the resources. C. possible, but there would be unemployed resources. D. possible, but only if all resources were fully employed.
Does education increase economic growth? Explain your answer
What will be an ideal response?
When "rent controls" result in a shortage of housing, landlords
A) use criteria other than price to allocate housing. B) lower the price to allocate the housing. C) attempt to attract renters. D) None of the above.
For years, your neighbor insisted she had no desire to own a computer. Recently, however, she purchased one and says she did so because all her relatives have computers and she wants to exchange e-mail with them. Your neighbor's behavior is an example of
A) a switching cost. B) the impact of negative market feedback. C) limited-pricing behavior. D) a network effect.