If a good has an external cost, then the marginal private cost curve
A) lies below the marginal social cost curve.
B) lies above the marginal social cost curve.
C) is negative.
D) is the same as the marginal external cost curve.
A
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Given that most investors tend to be risk averse,
A) no one buys risky assets. B) there's a trade-off between risk and return. C) low risk assets provide the best return. D) it must be a superior strategy compared to one that is risk loving.
The U.S. Postal Service expenditures are off-budget
a. True b. False
Which option listed below is a housing sector figure?
A) Building permits B) Retail sales C) Gross Domestic Product D) Consumer Price Index
Within the range of exchange rates that permits specialization and trade to take place, the exchange rate will determine which country gains the most from trade.
Answer the following statement true (T) or false (F)