Private costs of an economic activity exceed social cost when external benefits are created
a. True
b. False
Indicate whether the statement is true or false
True
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If the price of business broadband is greater than that of residential broadband, all else equal
A) business has greater price elasticity than residential. B) residential has greater price elasticity than business. C) both have inelastic demand curves. D) generally speaking, broadband is equally priced.
Members of the top quintile of income earners in every country today:
A. earn disproportionately more than those in the bottom quintile. B. earn disproportionately less than those in the middle quintile. C. earn disproportionately less than they did 100 years ago. D. All of these are true.
If one tracks the prices of critical metals, one sees that
a. they have risen more slowly than the general rate of inflation. b. they have risen about as rapidly as the general rate of inflation. c. the prices indicate increasing scarcity of the metals. d. the prices have fluctuated too wildly to conclude anything.
A nation's domestic investment is greater than its savings. Which of the following is correct?
a. This nation has a negative net capital outflow. b. This nation has a trade surplus. c. Purchases of foreign assets by domestic residents exceed purchases of domestic assets by foreigners. d. All of the above are correct.