When positive externalities exist, markets tend to overproduce
a. True
b. False
Indicate whether the statement is true or false
False
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If official poverty statistics for the United States included transfer payments individuals receive from the government, such as Social Security payments and other non-cash benefits such as food stamps
A) the poverty rate would be lower. B) income inequality would be greater. C) the poverty rate would be overstated. D) poverty would be eliminated.
Describe the background factors that contributed to the Asian financial crisis
What will be an ideal response?
If a firm sells a total of 100 shares of stock, then
a. each share represents 1 percent of the firm's indebtedness. b. each share represents ownership of 1 percent of the firm. c. the firm is engaging in term finance. d. All of the above are correct.
If the MPC is 0.8 and the APC is 0.9, the MPS equals
A. 1.7. B. 0.1. C. 0.2. D. 0.8.