Mark Zuckerberg believes everyone in the world should have Internet access.
A) This is a positive statement and is not in the social interest if the marginal benefit of Internet access exceeds the marginal cost.
B) This is a positive statement and is not in the social interest if the marginal cost of Internet access exceeds the marginal benefit.
C) This is a normative statement and is not in the social interest if the marginal benefit of Internet access exceeds the marginal cost.
D) This is a normative statement and is not in the social interest if the marginal cost of Internet access exceeds the marginal benefit.
Question 2
The economy is in its short run equilibrium at the point where the
A) price level is stable.
B) SAS curve intersects the LAS curve.
C) AD curve intersects the LAS curve.
D) AD curve intersects the SAS curve.
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Mark Twain supplemented his income as a writer by giving humorous lectures.
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