Which of the following had been a traditional belief prior to the economic theories of john maynard keynes?
a. a national economy always benefited from a trade surplus.
b. balanced budgets were sacred.
c. a bimetallic standard was superior to the gold standard.
d. depressions typically emerged from a consumer’s crisis of confidence.
e. deficits are not a problem, as long as they do not enlarge national debt.

4. suppose that pollution in a neighborhood comes from two factories, with marginal benefit curves given by mb1 = 12 – p1 and mb2 = 8 – p2. the level of pollution in the neighborhood is given by p = p1 + p2. the government wants to limit pollution by instituting a pollution-rights market. the government’s desired level of p is 10, so it prints 10 pollution rights and offers them for sale to the firms. a)find the equilibrium selling price of a pollution right, as well as the allocation of rights (and hence pollution levels) across the two factories. b)repeat part (a) for the case where the government’s desired level of pollution equals 14. c)comment on the usefulness of a pollution rights market in achieving efficient levels of pollution abatement.

You speak to a business owner that is taking in almost $2000 in revenue each month. the owner still says that they are having trouble keeping the doors open. how can that be possible? use the terms of revenue, expenses and profit/loss in your answer

You decided to charge $100 for your new computer game, but people are not buying it. what could you do to encourage people to buy your game?