Demand deposits are:
a. assets of banks, liabilities of depositors.
b. liabilities of banks, assets of depositors.
c. assets of banks and their depositors

The above figure illustrates the marginal social benefit and marginal social cost for chicken sandwiches. If the quantity is decreased from 6 to 3 and the price increases from $3 to $4, consumer surplus will decrease by

A) $1.50. B) $2.00. C) $3.00. D) $4.50.

A five-cent deposit on beer bottles

A) provides a positive incentive because it rewards people for recycling. B) provides a negative incentive because it punishes people who do not recycle. C) is an irrational policy, because it fails to take into account incentives. D) is an irrational policy, because it fails to take into account self-interest.