In economic analysis, air pollution, water pollution, and scenery destruction are considered to be
A. private costs.
B. externalities.
C. internalities.
D. opportunity costs.
Answer: B
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The perfectly competitive firm's supply curve is that portion of the marginal cost curve that lies above the firm's average total cost curve
Indicate whether the statement is true or false
The Fed's mostly used tool for changing the size of the money supply is
A. its power to change the discount rate. B. its power to change legal minimum reserve requirements. C. open market operations. D. changing the size of the government budget deficit.
The partnership is the least common form of business organization in the United States
a. True b. False
Which of the following is a reason why a particular job may pay a higher-than-average wage rate?
a. low educational requirements b. high fringe benefits c. free parking d. high risk e. low skill requirement