If the construction of a new elementary school would create $5 million worth of benefits for citizens and cost $7 million to construct, then using the criterion of economic efficiency, the school
a. should be built.
b. should not be built.
c. results in a substantial improvement to the welfare of society.
d. should be built if it passes by a majority vote.
B
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When financial intermediaries deleverage, firms cannot fund investment opportunities resulting in
A) a contraction of economic activity. B) an economic boom. C) an increased opportunity for growth. D) a call for government regulation.
Which of the following factors tends to lower the average wages for women?
a. Women leaving the workforce to raise their children b. Women receiving less than one-third of all advanced degrees c. Fewer women earning college degrees than in the past d. Fewer women seeking experience in the service industry
An expenditure schedule that lies below the full employment level of GDP will cause
a. rising prices. b. increasing output. c. falling inventories. d. falling prices.
Which of the following environmental problems is among the least-easily solved?
A. waste water treatment B. the world's global warming issues C. a nation's coastal water pollution issues D. a nation's air pollution issues