When social and private costs differ, economists state that
A) there will be economic profit in the society.
B) the society will produce inside the production possibilities frontier.
C) there is an externality.
D) there is not an efficiency problem but an equity problem.
C
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People who own preferred stock have voting privileges in the corporation
Indicate whether the statement is true or false
The summary of the flows of goods, services, assets, and currency in and out of a country in a particular year is the
a. balance of income statement. b. balance of payments. c. balance of trade. d. trade deficit.
If the government of a country with a zero trade balances increases its budget deficit, then interest rates
a. rise and the trade balance moves to a surplus. b. rise and the trade balance moves to a deficit. c. fall and the trade balance moves to a surplus. d. fall and the trade balance moves to a deficit.
Shift to the left or right for supply:price of product believed to rise in the future
What will be an ideal response?