Which of the following uses of tax revenues collected by the government leads to increased capital deepening?
A. building roads
B. increased foreign aid
C. Medicare payments
D. Social Security payments
Answer: A
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Given the information in the figure above, Joe can benefit from trade as far as the price at which he buys Liz's smoothies is
A) below 5 salads per smoothie. B) not higher than 2 salads per smoothie. C) not lower than 2 salads per smoothie. D) not lower than 1 salad per smoothie. E) not higher than 4 salads per smoothie.
Victor currently produces nuts and bolts at point a in the figure. Victor's marginal cost of producing an additional nut is ________
A) 1 bolt per nut B) 1/2 bolt per nut C) 8/6 bolts per nut D) 8 bolts per nut
Which of the following is false? a. The nature of public goods is such that the government cannot accurately assess the benefits of those affected. b. National defense and flood control are illustrations of public goods
c. Just as in the case of external costs, public goods tend to be underprovided by the private sector. d. All of the above are true.
Which of the following is an example of a fixed cost for a fishing company?
a. the cost of hiring a fishing crew b. the fuel costs of running the boat c. the monthly loan payment on the boat d. the supply of nets, hooks, and fishing lines e. the bait