In the negative income tax plan, a guarantee of $5,000 and a tax rate of 50 percent imply a break-even income of which of the following figures?

The additional benefit that Marvin gets from being vaccinated against the flu is known as the

A) external benefit. B) marginal private benefit. C) private cost. D) social cost. E) marginal social benefit.

An increase in population growth will lead to a ________ in the steady-state capital—labor ratio and a ________ in output per worker

A) fall; fall B) fall; rise C) rise; rise D) rise; fall