The marginal resource cost of a resource is the additional cost of employing one additional unit of the resource
a. True
b. False
A
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An example of a cost externality occurs when a mining company
A) dumps waste in river upstream from a popular fishing spot. B) produces coal that is not in demand in a recession. C) underpays its employees. D) overwork its employees.
A nation with a trade surplus will necessarily have saving that is greater than domestic investment
a. True b. False Indicate whether the statement is true or false
The table above gives data for the nation of Syldavia. The current account has a
A) balance of $320 billion. B) $40 billion surplus. C) $40 billion deficit. D) $50 billion deficit. E) $30 billion deficit.
Which of the following is a predictable side effect of increased government activity (for example, taxes and subsidies) designed to redistribute income among citizens?
a. improvement in the operational efficiency of government agencies b. rapid economic growth c. a reduction in the amount of lobbying d. an increase in rent-seeking activity