The optimal mix of output may not be produced by an economy because of the existence of
A. Inequity.
B. Production possibilities.
C. Internalities.
D. Underproduction of public goods.
Answer: D
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If an individual invests $20 in a bank deposit promising an interest of 12 percent per annum, compounded annually, he will receive $40 after 8 years
Indicate whether the statement is true or false
Workers in high-wage countries cannot improve their real income when they trade with low-wage countries
a. True b. False Indicate whether the statement is true or false
Government regulation is
a. subject to the same problems of lack of information and lack of incentives for economic efficiency as centrally planned economies. b. the only reliable way to improve environmental quality. c. not subject to political concerns when it comes to environmental quality. d. the most economically efficient way to reduce greenhouse gases.
An increase in the price of digital cameras will result in a(n):
A. Shift of the demand curve for digital cameras to the left B. Decrease in the demand for digital cameras C. Shift of the demand curve for digital cameras to the right D. Movement up and to the left along the demand curve for digital cameras