Social costs are
A) private costs plus any external costs.
B) the costs of the externality only.
C) costs incurred when common property is used.
D) the costs associated with reaching and enforcing agreements.
Answer: A
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A financial contract in which a bank agrees to sell the expected future returns from an underlying bank loan to a third party is referred to as:
A) loan sale B) loan commitment C) credit rationing D) microlending
According to the Foreign Corrupt Practice Act (FCPA), a bribe ________ have to be paid to be illegal, and a bribed official ________ need to carry through on the promised action in order for the bribe to be illegal.
A) does not; does B) does; does not C) does; does D) does not; does not
A decrease in the price level will cause:
A. the short-run aggregate supply curve to shift to the right. B. the aggregate demand curve to shift to the right. C. a movement rightward along the short-run aggregate supply curve. D. the long-run aggregate supply curve to shift to the right.
As the price level decreases, other things being equal, a. aggregate demand increases
b. the quantity of real gross domestic product demanded increases. c. the quantity of real gross domestic product demanded decreases. d. real gross domestic product supplied increases.