Refer to Figure 5-3. The size of marginal external benefits can be determined by
A) D2 + D1 at each output level B) the demand curve D2.
C) D2 - D1 at each output level. D) the demand curve D1.
C
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In the United States, _________________ has been set up to provide disability and retirement benefits to workers.
a. Communism b. Social Security c. Welfare d. WIC
Assume there is no foreign trade, the government sector has a balanced budget, and the economy is in equilibrium. If actual investment is greater than desired investment, then it is most likely that
A. Investment plus government spending is greater than saving plus taxes. B. Saving plus taxes is greater than investment plus government spending. C. Investment plus taxes is greater than saving plus government spending. D. Saving plus government spending is greater than investment plus taxes.
What are the most important characteristics that have shaped Brazil's economic and social progress during the last three decades?
What will be an ideal response?
If the price of the output produced by a perfectly competitive firm increases, then:
a. the marginal-cost curve will shift up. b. the demand curve faced by the firm will shift to the left. c. marginal cost will fall as output declines. d. the marginal-revenue curve for the firm will shift up. e. the marginal-cost curve for the firm will shift down.