In the postwar era, the average business expansion has lasted about 59 months.
Answer the following statement true (T) or false (F)
True
See the data in the textbook.
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In the above figure, if a firm is cleaning up Q4 units of pollution, it is an
A) efficient solution, because marginal social benefits are greater than marginal social costs. B) efficient solution, because marginal social benefits are equal to marginal social costs. C) inefficient solution, because marginal social benefits are greater than marginal social costs. D) inefficient solution, because marginal social costs are greater than marginal social benefits.
One of the conclusions of A. C. Pigou was that
a. a system of mandatory controls is the only effective means to control pollution. b. a system of charges can be an effective means to control pollution. c. pollution will wither away if a socialist system is in place. d. pollution cannot be adequately addressed in a price system.
If one subtracts the amount of bonds held by agencies of the federal government and the Federal Reserve from the national debt, what remains is known as the
a. external debt. b. privately held government debt. c. trade deficit. d. budget deficit.
In Figure 33.4, what is the cost of labor to the firm after the imposition of the payroll tax, and how many workers will be hired?
A. W3 and L1. B. W3 and L0. C. W5 and L1. D. W3 and L2.