Marginal external cost equals marginal private cost minus marginal social cost
a. True
b. False
B
You might also like to view...
One goal of international policy coordination is to minimize the effect of
A) international externalities. B) sterilization. C) optimal currency areas. D) monetary autonomy.
In the early 2000s, the Fed's ____________ interest rate policy had several effects. Among these effects were a _______________ in mortgage interest rates and a(n) ____________ in the size of loans taken out by mortgage borrowers
A) high; decline; decrease B) low; decline; increase C) low; rise; increase D) high; rise; increase
Assume that the real rate of interest is 5 percent and a lender charges a nominal interest rate of 15 percent. If a borrower expects that the rate of inflation next year will be 10 percent and the actual rate of inflation next year is 12 percent:
a. neither the borrower nor the lender benefits from inflation.
b. both the borrower and the lender lose from inflation.
c. the borrower benefits from inflation, while the lender loses from inflation.
d. the lender benefits from inflation, while the borrower loses from inflation.
How is the unemployment rate calculated? Describe the three principal types of unemployment.
What will be an ideal response?