Refer to Figure 7-1. Marginal private benefit is represented by which curve?
A) D2
B) Supply
C) D1
D) All of the above represent marginal private benefit.
C
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From the beginning of 1973 until August 2015, the value of the dollar has ________ relative to the Canadian dollar and ________ relative to the Japanese yen
A) depreciated; appreciated B) appreciated; depreciated C) depreciated; depreciated D) appreciated; appreciated
In the circular flow diagram, when Brian provides labor through the markets for factors of production to ABC Company, the flow of money he receives in exchange is called
Refer to the figure below. In response to gradually falling inflation, this economy will eventually move from its short-run equilibrium to its long-run equilibrium. Graphically, this would be seen as
A. long-run aggregate supply shifting leftward B. Short-run aggregate supply shifting downward C. Aggregate demand shifting rightward D. Aggregate demand shifting leftward
Harmonization of standards
A) is costly for high income countries. B) can reduce firm costs. C) is less difficult for dissimilar countries. D) is part of the race to the bottom.