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.
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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.
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.