t is best for society to produce 4 million units of other goods and services and 50% malaria control  because then we are not wasting its resources. Explain wether this is true or false.

Oliver took a job at Walmart.  He was willing and able to work 40 hours. They are only using him for 30 hours.  The economic term we use to label people or resources not used to full capacity is   ____________________.

Left to its own devices, a free-market economy will not result in the level of environmental quality that people want.  Firms pollute, and people make expenditures without concern for environmental consequences.  We need some level of government intervention to ensure those decisions take account of other people’s concerns.  However, regulation cost tax dollars and is an infringement of liberty. How can we determine how much environmental quality we want and what is the best way of getting it?

True or False? It is best for society to produce 4 million units of other goods and services and 50% malaria control  because then we are not wasting its resources. Explain

The table gives information about the marginal benefit and marginal cost of a trade school education. What is the value of the voucher that the government must provide to result in the efficient number of trade school students enrolled? The efficient number of trade school students will enroll if the government provides vouchers worth $ per student per year. >>> Remember that the amounts in the table are given in thousands of dollars. Marginal social Quantity Marginal (thousands private benefit benefit of students per year) 1 2 3 4 5 (thousands of dollars per student per year) 10 9 8 7 6 3219 11 Marginal cost 10 9 10 10 10 10 2999 10