Of the 6,000 settlers who migrated to Virginia since the founding of the first permanent settlement in 1607, nearly ________ had died by 1623
a. 5,500
b. 4,000
c. 2,500
d. 1,000
b. 4,000
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Refer to Table 10.1. The value of the tax multiplier in this economy is
A) 0. B) -2. C) -4. D) -5.
When marginal product is rising, marginal costs will: a. rising
b. remaining unchanged. c. falling. d. rising by an equal amount.
When tradable allowances are used to correct negative externalities in a market, the outcome:
A. maximizes surplus. B. limits the quantity bought and sold to the efficient level. C. is efficient. D. All of these statements are true.
Refer to Exhibit 2-7. Which of the following statements is true?
A. If the economy's PPF is represented by PPF1, points A and B are productive efficient, while C and D are unattainable. B. Point F is more efficient than point D. C. Points B and D are more efficient than points A and C. D. If the economy's PPF is represented by PPF2, points C and D are productive efficient, while A and B are unattainable.