Benefit-cost analysis identifies the

a. allocatively efficient level of risk
b. the level of risk at which MSB and MSC of risk reduction are equal
c. both (a) and (b)
d. none of the above

c. both (a) and (b)

Economics

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All of the following shift the aggregate demand curve to the right EXCEPT

A) an increase in expected future profit. B) an increase in foreign income. C) an increase in government expenditure. D) an increase in taxes. E) an expansion of the global economy.

Economics

Millions of people from Mexico have migrated to the United States. This has reduced the supply of labor in Mexico and increased the supply of labor in the United States. Assume that the demand for labor in Mexico and the United States is unchanged

Then wages in the United States ________ and wages in Mexico ________. A) fall; rise B) rise; do not change C) rise; rise D) do not change; fall E) fall; fall

Economics