If a positive externality were present in a market, the social benefit curve would be:
A. below the private demand curve.
B. above the private demand curve.
C. the same as the private demand curve.
D. Cannot say without more information.
B. above the private demand curve.
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Refer to the table above. The current account balance is equal to
A) +$200 billion. B) +$220 billion. C) +$20 billion. D) -$220 billion. E) -$200 billion.
In the simple Keynesian model, equilibrium aggregate output is determined by
A) aggregate demand. B) aggregate supply. C) the national demand for labor. D) the price level.
The market for indentured servants could be best described as:
a. A monopoly. b. An oligopoly. c. A competitive market.
A graph shows that as fees to use ATM machines increase, people use them less frequently. The graph of this relationship would show
A) an inverse relationship. B) a negative relationship. C) a direct relationship. D) Both answers A and B are correct.