To enhance social welfare, the government should encourage the production of
a. all goods
b. no goods
c. goods that provide positive externalities
d. goods whose social cost exceeds their private cost
e. goods that provide negative externalities
C
Economics
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An event that allows the economy to operate more efficiently by producing more outputs without using any more inputs is referred to as
A) technological progress. B) absolute progress. C) efficiency progress. D) capital investment.
Economics
Which of the following is the correct way to calculate the unemployment rate?
A. [(unemployed)/(population)] × 100 B. [(unemployed)/(labor force)] × 100 C. [(labor force)/(population)] × 100 D. [(labor force)/(unemployed)] × 100
Economics