Because of differences in tax treatment, municipal bonds pay a higher interest rate than do corporate bonds

Wage differentials between occupations can be explained by all of the following except

A) the relative differences between demand and supply in various occupations B) the fact that some occupations are more desirable than others. C) the market power of different employers. D) the fact that some occupations require higher levels of human capital than others.

When every good or service is produced up to the point where the last unit provides a marginal benefit to society equal to the marginal cost of producing it, ________ occurs

A) allocative efficiency B) productive efficiency C) equity D) efficient central planning