If a production process generates pollution, then a competitive market will
A) produce more of the good than is socially optimal.
B) produce less of the good than is socially optimal.
C) produce the socially optimal quantity of that good.
D) produce zero output.
A
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An increase in autonomous investment in an economy will _____
a. shift the aggregate expenditure line upward b. shift the aggregate expenditure line downward c. result in an upward movement along the aggregate expenditure line d. result in a downward movement along the aggregate expenditure line e. increase aggregate expenditures only at high levels of income
As an In-N-Out Burger restaurant increases the number of employees for a specific restaurant,
A. The production function will increase. B. Costs of production will fall. C. Efficiency will suffer as the restaurant becomes too crowded with employees. D. Total production of hamburgers will fall.