The efficient number of gifts that a gift-giver wants to give is the number at which the marginal benefits of giving a gift are__________________the marginal costs of giving a gift
A) greater than
B) less than
C) equal to
D) less than or equal to
C
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The Nash equilibrium for the game is
a. For both stores to advertise b. For megastore to advertise and for superstore not to advertise c. For megastore not to advertise and for superstore to advertise d. For both stores to not advertise
Given the current tax rate structure and promised benefit levels, persons that are currently 40 years old or younger can expect to earn approximately what real rate of return on their Social Security contributions?
a. 0 percent b. 2 percent c. 10 to 12 percent d. 15 to 20 percent
When a good with equally elastic demand and supply is taxed, the incidence of the tax is borne Group of answer choices
A) entirely by consumers. B) entirely by producers. C) by both consumers and producers. D) mostly by consumers. E) mostly by producers.
Some economists and policymakers who are in favor of government-provided health care believe that providing health care will generate
A) additional moral hazard. B) positive externalities. C) greater asymmetric information. D) more adverse selection.