Which of the following best illustrates your marginal benefit from studying?
A. The knowledge you gain from studying 2 hours a night for a month
B. The best things forgone by studying 2 hours a night for a month
C. What you are willing to give up to study for one additional hour
D. What you must give up to be able to study for one additional hour
C
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If an economy is at the short-run equilibrium illustrated by the figure above, a discretionary fiscal policy to adjust the economy to full employment is to
A) increase the quantity of money. B) decrease taxes. C) increase government spending. D) increase taxes and decrease government spending simultaneously. E) decrease the quantity of money.
An important factor that increased international capital flows in the latter part of the 1800s was
A) the creation of the International Monetary Fund. B) the creation of numerous regional trade agreements. C) the rapid rate of East Asian economic growth. D) technological innovations.