According to the diagram in the above figure, what is the marginal benefit of consuming the 3 millionth gallon of gasoline per month?
A) 5 pounds of shrimp per gallon of gasoline
B) 3 pounds of shrimp per gallon of gasoline
C) 2 pounds of shrimp per gallon of gasoline
D) 1 pound of shrimp per gallon of gasoline
D
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A consumer has $40 that he wants to spend. He is faced with four options: a camera that costs $60, a cell phone that costs $150, a book that costs $10, and a Bluetooth speaker that costs $45
Which of the following is a feasible option for the consumer? A) The book B) The camera C) The cell phone D) The Bluetooth speaker
One difficulty in achieving international coordination is that
A) central banks often must compromise for the good of both nations. B) one nation is always made worse off. C) monetary union is required. D) sterilization is often politically unpopular.
If the rivers, lakes and air in the United States could all be privately owned, then: a. there would be less pollution
b. costs of production for many firms would rise. c. externalities would be internalized. d. all of the above are correct.
According to Keynesians, which of the following describes the cause-and-effect process by which changes in the money supply create changes in aggregate demand?
a. An increase in the money supply causes interest rates to fall, which causes investment to rise, which causes the aggregate demand curve to shift to the left b. A decrease in the money supply causes interest rates to rise, which causes investment to rise, which causes the aggregate demand curve to shift to the right. c. A decrease in the money supply causes interest rates to fall, which causes investment to rise, which causes the aggregate demand curve to shift to the right. d. An increase in the money supply causes interest rates to fall, which causes investment to rise, which causes the aggregate demand curve to shift to the right. e. An increase in the money supply causes interest rates to rise, which causes investment to rise, which causes the aggregate demand curve to shift to the right.