The marginal benefit is the
A) additional gain from one more unit of an activity.
B) additional cost from one more unit of an activity.
C) loss of the highest-valued alternative.
D) additional gain from one more unit of an activity minus the additional cost from one more unit of the activity.
A
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Primary liabilities of the Federal Reserve include
a. Federal Reserve notes. b. U.S. government securities. c. loans to banks. d. reserve deposits by banks. e. Both a and d
The most important U.S. anti trust law:
a. Hampton Act b. Rule of Reason c. Sherman Act d. Wagner Act e. All of the above
The supply of leather jackets would be expected to increase as a result of:
A. the expectation that the price of leather jackets will rise in the future. B. an increase in the popularity of leather jackets. C. an increase in the price of leather jackets. D. a decrease in the cost of producing leather jackets.
Trade allows the people of a country to consume outside their production possibility curve.
Answer the following statement true (T) or false (F)