The federal government of the United States has ________
A) proven itself unable to significantly influence U.S. home ownership
B) has been able to increase the volume of home ownership in the U.S.
C) proven itself able to effectively control monetary policy
D) has been unable to increase the volume of government spending since WWII
B
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If the marginal external cost of building a children's playground equals zero, then the
A) marginal private cost equals the marginal social cost. B) marginal social cost equals zero. C) marginal private cost equals zero. D) None of the above answers is correct.
A price ceiling imposed below equilibrium price causes a deadweight loss for society because: a. buyers benefit at the expense of sellers
b. as a result of the ceiling, units of output are not produced despite the fact that the value to consumers exceeds the production cost. c. sellers benefit at the expense of buyers. d. the poor gain at the expense of the rich.