Between 1921 and 1929, general prices as measured by wholesale or consumer prices
(a) were stable overall.
(b) fell dramatically.
(c) increased moderately.
(d) increased significantly.
(a)
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In the United States in 2012, the number of new, diagnosed diabetes cases was lowest for people in the age range of ________, and the rate of new diabetes cases per 1,000 people was lowest for people in the age range of ________
A) 65 and older; 20-44 B) 20-44; 20-44 C) 45-64; 65 and older D) 45-64; 45-64
Which of the following is true when profit-maximizing firms in a competitive market are allowed to freely emit negative externalities on society?
a. Consumers are paying a market equilibrium price that reflects the full social marginal cost of production. b. Consumers are paying a market equilibrium price that reflects only the external marginal cost of production. c. Consumers are paying a market equilibrium price that is less than the socially efficient price, and consuming more than the socially efficient quantity. This means society is implicitly subsidizing producers by allowing them to pollute. d. None of the above is correct.