William Julius Wilson ascribes "underclass" behavior to a distinct culture of poverty

If the production of ukuleles creates a negative externality that is not corrected for by the government, the equilibrium quantity of ukuleles is

A) higher than optimal. B) lower than optimal. C) efficient. D) at a optimal level.

Countries like Germany, Russia, and Zimbabwe have experienced hyperinflation within the last century. It occurred mainly due to the

A. the lack of inflationary controls. B. government mistakenly believed it could “inflate” way its debt. C. government-run dictatorships. D. government believed its policies would attract foreign investment.