In an unregulated competitive market, the presence of marginal external benefit from a good or service results in overproduction
Indicate whether the statement is true or false
FALSE
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Refer to Figure 18.4. With an import ban, how many gloves are produced domestically in Duckland?
A) 100 B) 80 C) 60 D) 0
Refer to Figure 10.1. The Nash equilibrium occurs on the ________ page, in the ________ cell
A) Contribute; upper-left B) Contribute; lower-right C) Don't Contribute; lower-right D) Don't Contribute; upper-left
If there is an improvement in technology that affects only Aggregate Supply and a nation's wealth falls due to sagging stock market, then:
a. Aggregate demand falls, and aggregate supply rises. b. Aggregate demand and aggregate supply rise. c. Aggregate demand rises, and aggregate supply falls. d. Neither aggregate demand nor aggregate supply change. e. None of the above.
If the Federal Reserve wants to decrease the money supply, it should:
A. conduct open-market sales. B. decrease reserve requirements. C. decrease the interest that it pays on reserves. D. decrease the discount rate.