One reason for the short-run aggregate supply curve (SRAS) is:
a. a fixed CPI market basket
b. perfect knowledge of workers.
c. fixed-wage contracts.
d. the upward-sloping production function.
c
Economics
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To eliminate the inefficiency resulting from an external cost of production, the government can impose a tax on producers that is equal to the
A) MSB. B) MC. C) marginal external cost. D) MSC.
Economics
Which of the following would most likely reduce the birthrate?
(a) public health improvements (b) an increase in child mortality (c) a decline in the availability of secondary education (d) a reduction in the opportunity cost of a woman's time (e) all of the above.
Economics