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QUESTION 1 Ifa a positive externality results from the consumption of higher education, then the marginal benefit students receive from education O a includes the marginal external benefit Ob.equals the marginal social benefit O exceeds the marginal social benefit d. is less than the marginal social benefit. QUESTION 2 Expansionary fiscal policy, other things being equal, will tend to a increase interest rates b. increase investment. increase net exports d all of the above QUESTION 3 Which of the following would increase prices for U.S. consumers? O a. a tariff on imported automobiles Ob an automobile import quota Oca foreign government subsidizing auto production O d. (a) and (b) above only QUESTION 4 Which of the following factors that affect our well-being does GDP fail to adequately account for? O a changes in the quality of goods b.externalities O leisure d. all of the above