As society is near total pollution abatement
A. the marginal cost to society rises.
B. the marginal cost to society falls.
C. the marginal cost to society equals the marginal benefit to society.
D. the marginal cost to society falls but then rises.
Answer: A
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According to supply-side fiscal policy, reducing tax rates on wages and profits will:
a. create demand-pull inflation. b. lower the price level but may trigger a recession. c. reduce both unemployment and inflation. d. result in stagflation.
The real costs of inflation to society include:
A. an increase in the general level of prices. B. higher relative prices. C. lost purchasing power of income. D. interference with long-term planning.
Fiscal policy is sometimes initiated on the advice of the
A. Congressional Budget Office. B. Federal Reserve Board. C. Joint Economic Committee. D. Council of Economic Advisers.
Which of the following guarantees bank depositors that, even if the bank has negative net worth, their deposits will be protected?
a. deposit insurance b. liability insurance c. solvency insurance d. banking insurance