To reach the socially optimal allocation of resources, the amount of government revenue received from a pollution tax should be
a. equal to the negative externality cost associated with producing the good
b. less than the negative externality cost of producing the good
c. greater than the negative externality cost of producing the good
d. equal to the private cost of producing the good
e. greater than the private cost of producing the good
A
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Which of the following best defines what money is now and what it has been in the past?
A) currency plus credit cards B) anything accepted as a means of payment C) currency D) anything used as a store of value E) currency plus checking deposits
Eric lost his job because a recession caused his employer's sales to fall. This is an example of:
a. involuntary unemployment. b. frictional unemployment. c. structural unemployment. d. cyclical unemployment.