If production occurs where marginal social benefit equals marginal social costs, no pollution would occur.
Indicate whether the statement is true or false
Ans: False
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Rather than accept delivery, most traders in futures markets choose
A) to make margin payments. B) settlement by offset. C) to mark-to-market. D) to make arbitrage payments.
A production possibilities curve will shift inward
A) when the unemployment rate increases. B) when production is inefficient. C) when resources are expanding. D) when a war destroys the capital goods of a country.
Social Security spending and Medicare spending are all financed with revenues held in trust funds
Indicate whether the statement is true or false
Which of the following government agricultural policies is not aimed at restricting supply?
A) price supports B) acreage allotments C) market quotas D) paying farmers not to produce