Suppose a market produces 5,000 tons of wheat. At this quantity, the marginal cost exceeds the marginal benefit. This outcome could be the result of
A) a quantity regulation limiting the amount that can be produced.
B) a monopoly.
C) a subsidy.
D) an external benefit.
E) producing a public good.
C
Economics
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Gus takes his $15 in lemonade stand earnings and deposits it into his savings account. Meanwhile, Gus's dad borrows $20,000 to buy a new family car. Gus's $15 represents a(n) ____ for the bank, while his dad's $20,000 loan represents a(n) ____ for the bank.
a) asset; asset b) liability; liability c) asset; liability d) liability; asset
Economics
Keynes believed that: a. discretionary fiscal policy was needed to stabilize the economy
b. wages are not flexible particularly in a downward direction. c. the economy could remain in a period of unemployment for a long time period. d. all of the above.
Economics