By allowing an income-tax deduction for charitable contributions, the government
a. encourages a private solution to a particular positive-externality problem.
b. discourages a private solution to a particular positive-externality problem.
c. encourages a private solution to a particular negative-externality problem.
d. discourages a private solution to a particular negative-externality problem.
a
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The law of increasing additional cost exists because
A) resources are not perfectly adaptable to both production processes. B) the demand for the product increases. C) the cost of resources of the products increase. D) the cost of resources of the products decrease.
In a competitive labor market, the demand for labor X that produces product Y will increase if the demand for product Y increases
a. True b. False Indicate whether the statement is true or false