This graph shows the marginal cost and marginal benefit associated with roadside litter clean up. Assume that the marginal benefit curve and marginal cost curve each have their usual slope.The socially optimal number of bags of litter removed from the roadside each day is:

A. 15.
B. 10.
C. 20.
D. 30.

Answer: A

Economics

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Holding all other factors constant, income earned from capital is more unequally distributed than income earned from labor

Indicate whether the statement is true or false

Economics

The best description of the economic ideology during World War I was __________

a. The belief that the economy could be strengthened by centralized coordination. b. The economy would work best with a strong commitment to the free market. c. The US should eliminate many federal agencies during World War I to make the government more efficient.

Economics