Students in a class are assigned to groups to work on a project. A grade will be given for each project, and everyone in the group will receive that grade. For the members of a particular group, the grade is a

a. external benefit.
b. public good.
c. external cost.
d. repeat purchase item.

B

Economics

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The above figure shows a labor market with minimum wage equal to $16. In this figure, what area equals the resources lost because of job search?

A) area A B) area B C) area C D) area D E) area E

Economics

When the Fed wants to increase the US money supply, it will order the US Mint to print more currency

a. true b. false

Economics