Choices that are best for the individuals that make them are choices in pursuit of
A) the social interest.
B) efficiency.
C) incentives.
D) self-interest.
E) equity.
D
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Public saving is:
A. more important to national saving than private saving. B. increased when the government budget deficit rises. C. identical to the government budget surplus. D. less important to national saving than private saving.
The opportunity cost to the firm of producing one more unit of output is also called marginal cost
Indicate whether the statement is true or false
A firm's value added is
a. the revenue it receives by selling its output b. usually not included in GDP c. the revenue it receives for its output, minus the cost of all the intermediate goods it buys d. the revenue it receives for its output, plus the cost of all the intermediate goods it buys e. the revenue it receives for its output, minus the taxes that it pays
Does the Federal Reserve operate like an ordinary commercial bank? What is the Fed's job?