Less than 13 percent of U.S. workers belong to unions

The efficient level of paper production will occur where the

A) marginal private benefit from consuming paper is equal to the marginal social cost of production. B) marginal social benefit from consuming paper is equal to the marginal social cost of production. C) production of paper no longer produces negative externalities. D) economically efficient level of the output of paper is equal to the economically efficient level of inputs.

GDP does count:

a. state and local government purchases. b. spending for new homes. c. changes in inventories. d. none of these.