Author Question: Refer to Table 8-28. Based on the table above, what is national income for this economy? A) 1,950 ... (Read 75 times)

casperchen82 · **on:** Jun 29, 2018

Refer to Table 8-28. Based on the table above, what is national income for this economy?

A) 1,950 billion B) 2,250 billion C) 2,950 billion D) 3,550 billion

Question 2

Refer to Figure 5-3. At the competitive market equilibrium, for the last unit produced

A) the size of the external cost is Pn - Po. B) the size of the external cost is Pm - Po.
C) the size of the external benefit is Pn - Po. D) the size of the external benefit is Pm - Po.