For a common resource, the equilibrium with no government intervention is such that ________ is less than ________
A) marginal private cost; marginal social benefit
B) marginal social benefit; marginal social cost
C) marginal private benefit; marginal social benefit
D) total social benefit; total social cost
A
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The marginal product of a country's workers increases during summer due to the pleasant weather. Which of the following is likely to happen in this case, assuming all else equal?
A) The country's labor demand curve will shift to the left in summer. B) There will be a downward movement along the labor demand curve. C) There will be an upward movement along the labor demand curve. D) The country's labor demand curve will shift to the right in summer.
If the price of a Swiss franc is $0.60, the price of a dollar is __________ Swiss francs
A) 0.40 B) 1.40 C) 1.67 D) 6.0