Private costs are included in social costs.
Answer the following statement true (T) or false (F)
True
Social costs include both private and external costs.
You might also like to view...
Discretionary fiscal policy transpires when the government moves to alter ______.
a. stock and bond markets b. donations and volunteerism c. taxes and government purchases d. wages and profits
What is the present value of $100 two years from now at an interest rate of 6%?
A. $106 B. $6 C. $94.34 D. $89
Refer to the short-run information provided in Figure 8.5 below to answer the question(s) that follow. 
Figure 8.5 Refer to Figure 8.5. The marginal cost of the seventh drone is
A. $2.86. B. $3.33. C. $20. D. indeterminate from this information.
Holding all else constant, if the U.S. government restricts capital outflows, then the equilibrium value of the U.S. dollar will:
A. appreciate B. remain fixed. C. depreciate. D. be determined by the Federal Reserve.