Which of the following is another way of saying "marginal benefits of an action"?
A. Benefits given up, once the action is taken
B. Unintended gains from taking the action
C. Benefits accruing to others, as a result of one's action
D. Extra benefits resulting from the action
Answer: D
Economics
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All of the following will affect the position of the demand curve EXCEPT
A) income. B) taste and preference. C) changes in expectations of future relative prices. D) prices of resources used to produce the product.
Economics
Use the formula for the GDP deflator to explain how it is affected by an increase in prices in the economy. If the value of the deflator equals 100, what does that tell you about that year with respect to the base year?
What will be an ideal response?
Economics