A possible solution to the problems of external benefits is
A) to tax those receiving the extra benefits.
B) production of the good by government.
C) effluent fees.
D) to restrict the amount of the good through direct government regulation.
B
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The long-run average annual growth of real GDP per person is the United States is approximately ________ percent.
A. one B. seven C. five D. two
A movie monopolist sells to students and adults. The demand function for students is QdS = 600 - 100P and the demand function for adults is QdA = 1,200 - 100P. The marginal cost is $2 per ticket. Suppose the movie theater can price discriminate. What is the monopolist's profit from both students and adults?
A. $2,900 B. $2,500 C. $2,100 D. $4,900
Special-interest legislation is legislation where there are both widespread costs and benefits
a. True b. False
Briefly describe the Phillips curves and its associated trade-offs.
What will be an ideal response?