The figure above shows the marginal social cost curve of generating electricity, the marginal private cost curve, and the demand curve
If the government imposes a pollution tax to achieve the efficient level of production, the tax equals ________ per kilowatt hour. A) 0¢
B) 7.5¢
C) 10¢
D) 15¢
E) 2.5¢
B
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Federal Reserve notes are
A) paper currency. B) checks issued by the U.S. government. C) savings bonds. D) travelers' checks.
The table above shows the total product schedule for Rick's Lawn Service, a yard care company. Increasing marginal returns
A) end when the fourth worker is hired. B) occur at all levels of employment. C) occur as long as output increases. D) end when the second worker is hired. E) never occur.
The Fed's purchase and sale of government securities is known as
a. margin operations. b. open market operations. c. bank reserve operations. d. cash management operations.
Use the following graph to answer the next question.
In the above graph it is assumed that investment, net exports, and government expenditures
A. vary inversely with real GDP. B. are all increasing. C. vary directly with real GDP. D. are independent of real GDP.