Suppose the socially-optimal quantity of good x is larger than the market-equilibrium quantity of good x. Does the production of good x convey a positive externality or does it convey a negative externality?

Which of the following represented the largest liability on the balance sheet of U.S. commercial banks in 2012?

A) checkable deposits B) loans C) nontransaction deposits D) borrowings

The poll tax and the flat tax are equivalent since with each, everyone is taxed a fixed percentage of income

Indicate whether the statement is true or false