Suppose the government is considering whether to build a community health clinic. If the government wants to increase total economic surplus, then it should build the health clinic if the marginal benefit of the health clinic is:

Which of the following will enter as a credit in the U.S. balance of payments capital account?

a. the purchase of a Japanese automobile by a U.S. consumer b. the sale of Japanese electronics to an American c. the sale of an American baseball team to a Japanese industrialist d. the purchase of a Japanese electronics plant by an American industrialist

The labor demand curve of a purely competitive seller:

A. slopes downward because the elasticity of demand is always less than unity. B. slopes downward because of diminishing marginal productivity. C. is perfectly elastic at the going wage rate. D. slopes downward because of diminishing marginal utility.