(Last Word) Which of the following explanations argues that the Great Recession resulted from asset-price bubbles caused by euphoria and debt-fueled speculation?

The figure above illustrates the marginal benefit and marginal cost of different quantities of national defense. What is the political equilibrium if voters are well informed?

A) 0 units B) between 0 and 3 units C) 3 units D) 5 units

Labor productivity will increase if the ________ increases and ________

A) quantity of labor per unit of capital; immigration increases while capital is fixed B) quantity of capital per hour worked; immigration increases while capital is fixed C) quantity of capital per hour worked; technology improves D) quantity of labor per unit of capital; technology improves