A buyer values a house at $525,000 and a seller values the same house at $485,000 . If sales tax is 8% and is levied on the seller, then what would be the lowest price that the seller would be willing to sell at?

If the marginal social cost of a good equals the marginal private cost of the good, then the marginal external cost of the good

A) is zero. B) equals the marginal social cost. C) equals the marginal social benefit. D) equals the marginal private benefit.

In the United States, the long-run inflation target is ________

A) undisclosed B) currently set at 7% C) currently set at 2% D) currently set at minus 1%