A consequence of a negative externality is that social costs __________ private costs, and the socially optimal level of output __________.
A. equal; is not equal to social costs or private costs
B. do not equal; is obtained
C. do not equal; is not obtained
D. equal; is obtained
E. equal; is not obtained
Answer: C
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Which of the following is NOT a source of international law?
a. the International Criminal Court b. the EU's Council and Parliament c. the International Court of Justice d. the United Nations General Assembly
Assuming diminishing returns,
a. the increase in output growth from an increase in the saving rate rises over time, and that, other things the same, rich countries should grow faster than poor ones. b. the increase in output growth from an increase in the saving rate falls over time, and that, other things the same, rich countries should grow faster than poor ones. c. the increase in output growth from an increase in the saving rate rises over time, and that, other things the same, poor countries should grow faster than rich ones. d. the increase in output growth from an increase in the saving rate falls over time, and that, other things the same, poor countries should grow faster than rich ones.
Federal marketing orders were created in 1937 by way of which legislative act?
A) Cooperative Marketing Act B) Capper-Volstead Act C) Robinson-Putman Act D) Agricultural Marketing Agreement Act
Economic growth is generally measured as the percentage increase in a country's
A) real GDP. B) nominal GDP. C) annual employment rate. D) per-capita nominal GDP.