In Maslow's Hierarchy of Needs, what is the level that is least likely to be achieved?
a. Physiological
b. Safety and security
c. Belongingness
d. Self-actualization
D
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As long as there are fixed resources, diminishing marginal returns will never exist
a. True b. False Indicate whether the statement is true or false
The Dodd-Frank law
A) created new regulations for financial markets and firms. B) based compensation of bankers on shareholder value. C) rewarded bankers when market share increased. D) created rules that help create the recent financial crisis. E) removed capital requirements on financial institutions.
In the case of a nonexcludable public good, the market will fail to produce the good because of the free rider problem
Indicate whether the statement is true or false
Marginal social cost is the difference between the marginal cost and the marginal damage cost.
Answer the following statement true (T) or false (F)