An external benefit is a benefit that ________
A) is enjoyed by someone other than the buyer of a good
B) always equals external cost
C) experiences increasing marginal returns
D) is greatest at the equilibrium point
A
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When disposable income increases, consumption expenditure
A) also increases, but by less. B) also increases, and by an equal amount. C) decreases by the same amount. D) does not change. E) also increases, and by more.
A decrease in consumption will result in
A) both total utility and marginal utility decreasing. B) total utility increasing, but marginal utility decreasing. C) total utility decreasing, but marginal utility increasing. D) both total utility and marginal utility increasing.
In recent years, the Chinese government's actions have had an impact on interest rates in the United States
Indicate whether the statement is true or false
The tax fully dedicated to provide support for Medicare Part A is:
a. a tax on the health insurance premiums paid for all group plans. b. a 2.9 percent payroll tax paid by all workers, regardless of their age. c. the federal income tax. d. levied on the Medicare Trust Fund. e. the mandate tax paid by individuals who do not purchase health insurance.