An external cost is
A. MSC ? MC.
B. MSC/ MC.
C. MSC + MC.
D. MSC × MC.
Answer: A
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For a regulated natural monopoly, an average cost pricing rule sets price equal to
A) average fixed cost. B) average total cost. C) average external cost. D) average variable cost.
If a single supplier of labor, such as a union, were supplying labor to a single monopsonistic employer, this is referred to as a(n)
A) bilateral monopoly. B) trilateral monopoly. C) total monopsony. D) collective monopoly.
What linkage do advocates of income inequality make between income distribution and economic growth? a. Income equality creates greater investment, which leads to lower rates of economic growth
b. Income inequality creates less saving and more consumption, which stimulate higher rates of economic growth. c. Income inequality creates greater investment, which leads to higher rates of economic growth. d. Income equality creates more saving and less consumption, which leads to lower rates of economic growth. e. Income equality creates more investment and less consumption, which leads to higher rates of economic growth.
In 2008, the Fed utilized expansionary monetary policy which was made
a. more effective as banks held more excess reserves. b. less effective as banks held more excess reserves. c. more effective as banks held less excess reserves. d. less effective as banks held less excess reserves.