Tom and Jerry are the only members of society. The table above shows their marginal benefits from defense satellites, a public good. If the marginal social cost of a satellite is $95, the efficient quantity of satellites is

A) 0.
B) 1.
C) 2.
D) 3.

A

Economics

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Which of the following is an automatic stabilizer?

I. inheritance taxes II. government payments to war veterans III. aid to families with dependent children IV. sales taxes A) I, II, III, and IV B) I, II, and III only C) II and III only D) III only

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According to J-curve theory, imports initially increase after a country's currency depreciates, but in the long run imports decrease

Indicate whether the statement is true or false

Economics