Benefits of a project
A. can change over time.
B. can be difficult to measure.
C. should be larger than costs.
D. are sometimes intangible.
E. all of these answer options are correct.
E. all of these answer options are correct.
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What factors could explain why wage inequality in the United States has been increasing over the last several decades?
What will be an ideal response?
An ad valorem tax:
A. is a fixed dollar amount that must be paid on each unit bought or sold. B. is a tax that is stated as a percentage of the good's price. C. is a tax that is stated as a percentage of the good's price, which increases as quantity bought increases. D. is a tax that is only paid by producers.
Market failure occurs when
a. an optimal allocation of society's resources is not achieved b. negative externalities are taken into consideration c. positive externalities are taken into consideration d. government failure is at its worst e. all social costs are included in the prices of goods and services
The policy mix that the Clinton administration sought in early 1993 was a
a. smaller budget deficit and tighter monetary policy. b. smaller budget deficit and looser monetary policy. c. larger budget deficit and looser monetary policy. d. larger budget deficit and tighter monetary policy.