Which of the following is a macroeconomic statement?
A) Real domestic output of seafood increased 12 percent from 2015 to 2016.
B) The U.S. inflation rate was two percent in 2016.
C) The price of cell phones decreased by 18 percent last year.
D) Motorcycle manufacturer productivity decreased by three percent in 2016.
B
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In the above table, if the market is perfectly competitive and unregulated, at the equilibrium output level
A) marginal private cost equals the marginal private benefit. B) marginal private cost is less than the marginal private benefit. C) marginal social cost equals the marginal private benefit. D) marginal social cost is greater than the marginal private benefit.
The optimal sharing group _____
a. increases as the cost of the public good increases b. declines as the cost of the public good increases c. declines as the cost of the public good declines d. increases as the cost of the public good increases