An excess benefit from corrective taxation arises because the tax revenues can be spent on compensation
a. True b. False
b
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The figure above shows the marginal social cost curve of generating electricity and the marginal private cost curve. The difference between the marginal cost curve and the marginal social cost curve equals
A) marginal private cost. B) private cost. C) external cost. D) marginal external cost. E) Coasian cost.
According to the Hotelling Principle, the price of a nonrenewable resource is expected to
A) rise at a rate higher than the interest rate. B) rise at a rate lower than the interest rate. C) rise at a rate equal to the interest rate. D) fall at a rate equal to the interest rate.
If U.S. GDP drops and South Korean GDP remains unchanged, which of the following will happen in the Korean won market?
a. A rightward shift of the supply curve, a depreciation of the won, and a larger number of won traded b. A rightward shift of the demand curve, a depreciation of the won, and a smaller number of won traded c. A rightward shift of the demand curve, an appreciation of the won, and a larger number of won traded d. A leftward shift of the demand curve, a depreciation of the won, and a smaller number of won traded e. A leftward shift of the supply curve, an appreciation of the won, and a smaller number of won traded.
Fill out the table and answer the question below. 
Diminishing returns begin with the
A. sixth unit of labor. B. fourth unit of labor. C. first unit of labor. D. third unit of labor.