Many economists support trade agreements, maintaining that the agreements improve economic efficiency because they result in goods being produced
A) at the highest profit margin.
B) with maximum deadweight loss.
C) with zero producer surplus.
D) at the lowest opportunity cost.
Answer: D
Economics
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Economists are concerned that a large cost to nations entering into a monetary union is:
A) the inability to collect taxes. B) the inability to rescue banks or stimulate the economy via a lender-of-last-resort mechanism. C) the tendency toward ever higher deficits. D) sticky prices.
Economics
The benefit of a one-unit increase in an activity
A) decreases as you do more of it. B) is called rational-choice benefit. C) is called marginal cost. D) is always greater than the opportunity cost of that activity. E) is measured by what you must give u
Economics