Public finance is the sub-discipline of economics that studies the various ways in which:
A. The general public acquire financing for their purchases
B. Governments raise and expend money
C. Firms in the financial sector provide services to households and firms
D. Governments may regulate and promote the stability of the financial sector
B. Governments raise and expend money
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A deadweight loss occurs when the market is functioning efficiently
Indicate whether the statement is true or false
From a business perspective, economic historians believe that:
a. slavery was profitable and viable. b. slavery would have eventually ended due to its inherent unprofitability. c. slavery was economically inefficient. d. free labor was more productive than slave labor.
The following accompanying table shows the relationship between the speed of a computer's CPU and its benefits and costs. Assume that all other features of the computer are the same (that is, CPU speed is the only source of variation), and only the CPU speeds listed below are available for purchase. CPU GHzTotal BenefitMarginal BenefitTotal CostMarginal Costs2.0$1,000 $900 2.5$1,400 $1003.0 $300$1,200 3.5$1,900 $1,500 4.0$2,000 $400The marginal cost of upgrading from a 2.5GHz to 3.0GHz computer is:
A. $300. B. $100. C. $400. D. $200.
Monopolistically competitive firms have no benefits to consumers relative to perfectly competitive firms.
Answer the following statement true (T) or false (F)