Research into new technologies provides a
a. negative externality, and too few resources are devoted to research as a result.
b. negative externality, and too many resources are devoted to research as a result.
c. positive externality, and too few resources are devoted to research as a result.
d. positive externality, and too many resources are devoted to research as a result.
c
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The figure above shows the loanable funds market. The equilibrium real interest rate is ________, and the equilibrium quantity of loanable funds is ________
A) 4 percent; $1.5 trillion B) 4 percent; $2.5 trillion C) 6 percent; $2.0 trillion D) 8 percent; $1.5 trillion E) 0 percent; $3.5 trillion
The above figure shows the marginal private benefit and marginal social cost of a college education. A $10,000 subsidy to colleges results in a college charging tuition of
A) $0. B) $10,000. C) $20,000. D) $30,000.