Which of the following are NOT part of the World Bank?
A. International Development Association
B. International Center for Settlement of Investment Disputes
C. Federal Reserve Bank of New York
D. Multinational Investment Guarantee Agency
Answer: C
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Based on the figure above, if the factory owned the river then at the equilibrium, marginal social cost would ________ marginal benefit, and the quantity of chemical produced would be ________
A) exceed; above the efficient quantity B) exceed; below the efficient quantity C) be below; above the efficient quantity D) be below; below the efficient quantity E) equal; efficient
In the above figure, when the economy is in a long-run equilibrium, real GDP will be
A) $15.5 trillion. B) $16.0 trillion. C) $17.5 trillion. D) $17.0 trillion.
What are diseconomies of scale and why might they occur?
What will be an ideal response?
Determine the value of a product charge that would achieve the efficient solution.
The market for a chemical pesticide can be modeled as given below, where Q is measured in thousands of pounds: MSB = 20 – 0.4Q MPB = 20 – 0.3Q MSC = MPC = 12 + 0.1Q