The Great Depression changed the prevailing thinking about economics
a. True
b. False
Indicate whether the statement is true or false
True
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Refer to the table and information below. What is the net benefit of project D?
Assume that a government is considering a new social program and may choose to include in this program any number of four progressively larger projects. The marginal cost and the marginal benefits of each of the four projects are given in the table.
A. $1 billion
B. $3 billion
C. $4 billion
D. $20 billion
If there are powerful buyers in a labor market, the use of the supply-and-demand model to analyze labor markets
A. will cause you to believe the wage will be lower than it is. B. is completely accurate. C. will cause you to believe the wage will be higher than it is. D. will cause you to believe that fewer people will be hired than will be.