When the benefits to society of using a product exceed benefits to the user,

a. the product should be strictly regulated
b. the product should be taxed
c. the product provides a positive externality
d. the product is overproduced at the privately determined equilibrium
e. in time the product will not be produced


C

Economics

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A) the LM curve is horizontal. B) the LM curve is vertical. C) the BP curve is horizontal. D) the BP curve is vertical.

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The cost of capital is:

a. concerned with what a firm has to pay for the capital b. the rate of return required by investors c. determined in the capital markets d. all of the above e. b and c only

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According to the above table, if real Gross Domestic Product (GDP) equals $25,000, what is the average propensity to save?

A. 0.88 B. 0.0 C. 0.12 D. 0.56

Economics

Foreign direct investment implies that the investor obtains ________ share in a foreign company's ownership.

A. less than 10 percent B. less than 1 percent C. less than 5 percent D. none of these

Economics