Refer to Figure 7-2. Marginal social benefit is represented by which curve?

The local diner is usually jammed on Saturday mornings. Luke knows the owner and had him reserve a stool at the counter. Luke has

A) cooperated with the owner. B) competed with other customers. C) taken an efficient course of action, from his own perspective. D) engaged in all of the above.

The primary economic function of financial intermediaries is to help allocate scarce resources to desired uses.

Answer the following statement true (T) or false (F)