A. People want less crime
B. People want to be happier
C. People want a better environment
D. People want higher incomes and more consumer goods.
A. 80 units
B. 320 units
C. 60 units
D. 120 units
A. 30.5 per 1000
B. 35.4 per 1000
C. 32.5 per 1000
D. 31.8 per 1000
A. Discoveries of new trades
B. Increase in population
C. Surplus food production
D. Technological innovations
A. unemployment benefits increase
B. Income tax increases
C. More training is available for the unemployed
D. Geographical immobility increases
A. Helps the economy move on the to Production Possibility Frontier
B. Helps shift the economy’s Production Possibility Frontier outwards
C. Helps the economy move along its Production Possibility Frontier
D. Helps the economy move inside the Production Possibility Frontier
A. The social marginal costs are higher than the private marginals costs
B. A product is not provided in the free market
C. The social marginal cost equal the social marginal benefit
D. The social marginal benefits are higher than the private marginal benefits