The primary method that decision makers use to evaluate choices among competing alternatives is called
A) the competitive forces model.
B) cost-benefit analysis.
C) heads-or-tails analysis.
D) absolute advantage.
B
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A corrective tax: a. internalizes an externality
b. legislates what is allowable. c. increases the social costs of externalities. d. increases the deadweight loss caused by an externality.
In the above figure, if initial equilibrium is at point A and there is a fully anticipated increase in aggregate demand from AD1 to AD2 due to an anticipated increase in the money supply, then
A. the economy will move directly from point A to point B, and will remain at point B in the long run. B. the price level will shift to P2 in the short run. C. the economy will move directly from point A to point C without passing through point B. D. the price level will shift to P2 in the long run.