The socially optimal amount of pollution moderation occurs where society's marginal:
A) bene?t of moderation exceeds its marginal cost of moderation by the greatest amount.
B) bene?t of moderation equals its marginal cost of moderation.
C) cost of moderation is at its maximum.
D) bene?t of moderation is zero.
B) bene?t of moderation equals its marginal cost of moderation.
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What is the difference between the monetary approach to the exchange rate and monetary approach to the balance of payments? Briefly summarize the policy implications of the monetary approach
What will be an ideal response?
Decisions to cut taxes are made by ________ and are an example of ________ policy.
A. Congress; fiscal B. the President; monetary C. the Federal Reserve; fiscal D. Congress; monetary
Refer to the graph shown. Suppose the market price is $4. At this price, a perfectly competitive firm should:
A. shut down in the short run but continue production in the long run. B. continue to produce in the short run but shut down in the long run. C. continue to produce in both the short run and the long run. D. shut down immediately.
Most of the costs of unemployment can be measured in financial terms.
Answer the following statement true (T) or false (F)