Ball's research showed that the sacrifice ratio
A) was the same for all countries.
B) was nearly zero for most countries.
C) was about 10 for all countries except the United States, where it was about 2.
D) varied considerably across countries.
D
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Explain the difference between increasing marginal returns and economies of scale
What will be an ideal response?
The structure of a firm can fail in similar ways to market failure
Indicate whether the statement is true or false
When a negative externality creates a market failure, that failure can be corrected by
a. setting price equal to private cost b. setting price equal to social cost c. setting price equal to the externality cost d. creating a positive externality of comparable value e. setting private cost equal to social cost
If there is a shortage of loanable funds, then
a. the quantity of loanable funds demanded is greater than the quantity of loanable funds supplied and the interest rate is above equilibrium. b. the quantity of loanable funds demanded is greater than the quantity of loanable funds supplied and the interest rate is below equilibrium. c. the quantity of loanable funds supplied is greater than the quantity of loanable funds demanded and the interest rate is above equilibrium. d. the quantity of loanable funds supplied is greater than the quantity of loanable funds demanded and the interest rate is below equilibrium.