If the production of a good generates external benefits, the government could increase efficiency by
A. requiring all producers of the product to be licensed to produce the product.
B. regulating production of the good to reduce the amount produced.
C. taxing the production of the good to reduce the amount produced.
D. subsidizing production of the good to increase the amount produced.
Answer: D
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Which of the following is true?
a. A stockholder owns part of the corporation. b. A stockholder has loaned money to the corporation. c. A stockholder is owed money by the corporation. d. A stockholder must be consulted on all major decisions.
Scarcity raises both price and marginal utility but generally reduces total utility
a. True b. False Indicate whether the statement is true or false
School Board Voters' Ordered PreferencesDavidErnieFionaNew gymNew libraryNew computer labNew libraryNew computer labNew gymNew computer labNew gymNew libraryIf a pair-wise majority vote was held to determine which school project gets funded and the voters' preferences are shown in the table, which option would David like to see voted on first?
A. Library and computer lab B. Gym and library C. Computer lab and gym D. It doesn't matter which options are considered first.
If the exchange rate is 60 Indian rupees per dollar and a bushel of rice costs 200 rupees in India and $3 in the U.S., then the real exchange rate is
a. greater than one and arbitrageurs could profit by buying rice in the U.S. and selling it in India. b. greater than one and arbitrageurs could profit by buying rice in India and selling it in the U.S.. c. less than one and arbitrageurs could profit by buying rice in the U.S. and selling it in India. d. less than one and arbitrageurs could profit by buying rice in India and selling it in the U.S..