A situation in which a private cost diverges from a social cost is
A. a transactions cost.
B. an internality.
C. an externality.
D. internal costs.
Answer: C
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Define the unemployment rate and labor-force participation rate. Discuss the differences between these two rates
What will be an ideal response?
Refer to the payoff matrix below, which ________ a prisoner's dilemma. If both countries cooperate, Home will choose Policy ________ and Foreign will choose Policy ________
A) is; 1; A B) is; 2; B C) is; 1; B D) is not; 2; B E) is not; 1; A
How many times in the last 80 years has the official unemployment rate in the United States reached 0 percent?
a. 0 b. 1 c. 2 d. 3 e. 4
The HHI is calculated by summing the square of the percentage shares of the firms in the market.
Answer the following statement true (T) or false (F)