From an economic viewpoint, the optimal amount of pollution:
a. is zero since all pollution imposes costs on society.
b. is that amount which firms create when they maximize economic profits by setting their marginal private costs equal to market price.
c. is that amount where the marginal social costs of producing a good precisely equals the price of the good.
d. b and c are correct.
c
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Each of the three major waves in 19th-century railroad construction ended due to:
a. major financial crises in the U.S. b. the involvement of the U.S. in a military conflict. c. labor unrest that led to work stoppages. d. shortage of iron.
Under perfect competition, the lure of profits makes producers try to equate marginal cost and price
a. True b. False Indicate whether the statement is true or false
Externally held debt refers to that part of the national debt owned by private individuals, and internally held debt refers to that part owned by government agencies.
Answer the following statement true (T) or false (F)
Suppose that initially there is no public debt. Using the above table, what is the public debt as a percentage of GDP in 2019?
A. 7.7 percent B. 1.7 percent C. 5.9 percent D. 2.0 percent