The addition to a business firm's total costs, that comes from producing one more unit of output, is its:
a. total variable cost.
b. marginal cost.
c. sunk cost.
d. opportunity cost.
e. total fixed cost
b
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The official settlements account records the change in ________
A) international trade B) U.S. official reserves C) foreign investment and domestic investment D) the reserves held by banks and the Fed
Individuals making decisions about how much to purchase of a product with an external benefit base their decisions on which of the following?
A) the price and marginal private benefit B) the economically efficient output C) the price and the marginal social benefit D) the size of the deadweight loss
Crowding out:
A. increases the multiplier effect, so that an increase in government spending raises income by more. B. increases the multiplier effect, so that an increase in government spending raises income by less. C. decreases the multiplier effect, so that an increase in government spending raises income by less. D. decreases the multiplier effect, so that an increase in government spending raises income by more.
That the migration of black middle and working class families from the ghettos removed the key social constraint against crime is a central thesis of
A. William Julius Wilson. B. Charles Murray. C. Mickey Kaus. D. Frances Fox Piven.