Marginal social benefits are equal to
A. marginal private benefits + marginal internal benefits.
B. marginal private benefits - marginal internal benefits.
C. marginal private benefits + marginal external benefits.
D. marginal private benefits - marginal external benefits.
Answer: C
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According to the Solow model, a benefit of policies to limit population growth might be ________
A) that smaller families are more likely to contribute to technological advances B) that smaller families have better access to birth control methods and devices C) that smaller families might provide each person a larger share of national income D) that smaller families have less need to save, and so enjoy higher consumption
The Clayton Act was passed in:
a. 1887. b. 1890. c. 1914. d. 1936. e. 1952.
During the 1970s, the price/earnings ratio of stocks in the S&P 500 was relatively low. This low P/E ratio was
a. surprising because the inflation rate was high during the 1970s. b. not surprising because interest rates were low during the inflationary 1970s. c. not surprising because interest rates were high during the inflationary 1970s. d. surprising because the inflation rate was low during the 1970s.
In Figure 6.6 if price is P3, then the industry will:
A. expand. B. contract. C. stay the same size. D. cease to exist.