A supply curve generally

a. is a straight horizontal line.
b. is a straight vertical line.
c. slopes downward to the right.
d. slopes upward to the right.

d. slopes upward to the right.

Economics

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If a government action is designed to achieve efficiency, then the action must have the market produce the amount of output so that the

A) marginal private cost equals the marginal private benefit. B) marginal social cost equals the marginal social benefit. C) marginal external cost equals the marginal external benefit. D) marginal private cost equals the tax. E) marginal social benefit exceeds the marginal social cost by as much as possible.

Economics

In the Great Depression, investment spending fell by ________

A) nine-tenths of one percent B) nine percent C) ninety percent D) nine hundred percent

Economics