The external cost of production is the cost incurred by
The external cost of production is the cost incurred by
A.
someone other than the producer.
B.
producing outside the facility.
C.
producing outside the country.
D.
producing a related external product.
A.
someone other than the producer
The external cost of production is the cost incurred by someone other than the?producer, for? example, the cost associated with health problems and premature deaths from sulfur dioxide.
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Which of the following reasons will most likely explain the occurrence of discrimination that is not related to personal prejudice?
a. A desire to avoid associating with certain groups of people b. A lack of communication skills of workers seeking jobs c. A lack of information d. A lack of proper technical expertise e. Too many people applying for the same job
Refer to Exhibit 2-5. The opportunity cost of moving from point D to point C is
What will be an ideal response?
The "Greenspan doctrine"—central banks should not try to prick bubbles—was based on which of the following arguments?
A) Asset-price bubbles are nearly impossible to identify. B) Monetary actions would be likely to affect asset prices in general, rather than the specific assets that are experiencing a bubble. C) Raising interest rates has often been found to cause a bubble to burst more severely. D) Monetary policy actions to prick bubbles can have harmful effects on the aggregate economy. E) All of the above.
Define the following terms briefly and concisely and indicate their importance to the study of economics
a. entrepreneurship b. investment c. capital d. innovation e. discounting