The cost of producing an additional unit of a good or service that falls on people other than the producer is
A) the marginal cost.
B) represented by the demand curve.
C) represented by the supply curve.
D) the marginal external cost.
E) the marginal social cost.
D
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The higher the insurance coverage, the ________ the policyholder can gain from risky activities that make an insurance payoff ________ likely
A) more; less B) more; more C) less; less D) less; more
The potential output of an economy is: a. the output level at which inflation is very high
b. the output level at which nominal GDP is equal to real GDP. c. less than the full-employment rate of output. d. the output level at which total unemployment is zero. e. also referred to as the natural rate of output.
Money is a more efficient store of value than wheat, especially when there is not rapid inflation
a. True b. False Indicate whether the statement is true or false
How can international trade affect the exercise of domestic economic power in the United States?
What will be an ideal response?