Which of the following may involve external benefits?
a. drunken driving
b. smoking.
c. public education.
d. highway congestion.
c
Economics
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Scarcity applies to: a. only the poor
b. the value of our time. c. both the rich and poor. d. both (b) and (c)
Economics
Refer to the diagram. The level of government spending:
A. is equal to tax collections at each level of GDP.
B. is the same at all levels of GDP.
C. varies inversely with the level of GDP.
D. varies directly with the level of GDP.
Economics