PBA

How many hours should John study to receive the most marginal benefit?

• Study 1 hour

• Study 2 hours

• Study 3 hours

• Study 5 hours

Refer to the image above. At what hour of study time does John begin experiencing diminishing marginal returns?

• The 2nd hour

• The 3rd hour

• The 4th hour

• The 5th hour

Look at the graph representing the production possibilities of tractors and tubas. Which point represents an efficient use of society's resources?

• Point B

• Point D

• Point A

• Point C

Look at the graph representing the market for student magazines. According to the market, what is the equilibrium price and quantity of student magazines?

• 300 copies at $3 each

• 200 copies at $4 each

• 250 copies at $5 each

• 100 copies at $6 each

Look at the graph representing the market for student magazines. If the price was increased by $1 above the market price, what is likely to happen?

• There will be a shortage of 100 magazines

• There will be a shortage of 150 student magazines

• There will be a surplus of 150 student magazines

• There will be a surplus of 100 student magazines

What does this graph show?

• Price Floor

• Price Ceiling

• Surplus

• Equilibrium

• Increase in demand

• Increase in supply

• Decrease in demand

• Decrease in supply

What does PBA stand for in the context of social studies?

• Professional Bowlers Association

• Public Broadcasting Act

• Public Benefit Activity

• Personal Banking Account

Which of the following is a primary goal of a Public Benefit Activity (PBA)?

• Maximizing profits

• Promoting social welfare

• Increasing shareholder value

• Enhancing personal wealth

In which year was the Public Broadcasting Act (PBA) enacted in the United States?

• 1967

• 1972

• 1980

• 1995