An inframarginal externality is where_____
a. there are spillover benefits and costs, both in total and on the margin.
b. there are spillover benefits and costs, but only in total.
c. there are no spillover benefits, but there are marginal costs
d. there are spillover benefits and costs, but they relate only to infrared technology
b
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Suppose in a given year, GDP was $7,242 billion and the GDP chain price index for that year is 117.5 . Real GDP is:
a. $5,488 billion. b. $6,163 billion. c. $6,740 billion. d. $7,789 billion.
Voluntary programs, direct controls, and emissions taxes are all equally effective ways of controlling pollution.
Answer the following statement true (T) or false (F)
If velocity and output are fixed at 5 and 400, respectively, and the price level is 2, then the money supply is
A) 4,000. B) 200. C) 160. D) 40.
Consider the same market for nonalcoholic beer as in the previous question. How many units will Boors produce in the Nash equilibrium?
a. 1,333 b. 2,333 c. 3,333 d. 4,333