Policymakers have generally come to accept the view that advertising enhances the efficiency of markets
a. True
b. False
Indicate whether the statement is true or false
True
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One economic advantage of a large share of exports in GDP is that countries
A) can reduce their budget deficits. B) can purchase the imports they need. C) can maintain lower rates of unemployment. D) will have greater equality in their incomes. E) develop more labor-intensive industry.
With positive externalities, _____
a. the market equilibrium occurs at a lesser quantity than the socially optimal output b. the market equilibrium occurs at a greater quantity than the socially optimal output c. the social benefit curve lies below the private benefit curve d. there is no deadweight loss
Over the last twenty years in the U.S., the number of banks has:
A. steadily decreased. B. stayed about the same. C. more than doubled. D. steadily increased.
Which of the following resources are nonrenewable?
a. hay b. lumber c. labor d. fish e. minerals