Before the early 1970s, we ran a positive trade balance
A. in both merchandise and services.
B. in neither merchandise nor services.
C. in merchandise, but not in services.
D. in services, but not in merchandise.
A. in both merchandise and services.
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Which of the following is an important difference between government and privately-owned enterprises?
A) Government can distribute goods without employing discriminatory rationing criteria. B) Government can more easily use negative incentives to obtain resources. C) Government does not produce exchangeable commodities or services. D) Government provides services at a lower opportunity cost. E) Government tends to pay close attention to the varying preferences of the people.
The above figure shows the marginal private benefit and marginal social cost of a college education. If society's external benefits from college graduates is $10,000 each, then
A) a subsidy of $10,000 per student paid to colleges will achieve efficiency. B) a tax of $10,000 per student imposed on the colleges will achieve efficiency. C) 10 million students per year is the efficient number students. D) None of the above answers are correct.
By 2015, ________ members of the European Union were using the euro as their currency
A) 12 B) 19 C) 28 D) 57
If total utility increases from 10 to 15 for the second unit of a good consumed, the marginal utility of the second unit is 25
a. True b. False Indicate whether the statement is true or false