To reduce the outflow of dollars from the United States, we need to
A. lower the budget deficit and the trade deficit.
B. raise the budget deficit and the trade deficit.
C. raise the budget deficit and lower the trade deficit.
D. lower the budget deficit and raise the trade deficit.
A. lower the budget deficit and the trade deficit.
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The ________ is the cost of paid by the producer plus any cost paid by everyone else when another unit of a good or service is produced
A) marginal external cost. B) marginal private cost. C) marginal social cost. D) None of the above answers is correct.
A technology may be considered inappropriate if it
a. uses a lot of capital b. produces a product that few people want c. has a capital-labor ratio that exceeds the rental-wage ratio d. has a capital-labor ratio less than the rental-wage ratio e. none of the above
An increase in market supply will increase price
Indicate whether the statement is true or false
Critics argue that society is depleting its energy resources far too quickly. The most likely explanation for this behavior is that
A. firms try to avoid making irreversible decisions about resource depletion. B. investors expect interest rates to fall continuously in the future. C. individuals tend to value their own well-being more highly than the well-being of future generations. D. people do not have what Pigou called a “defective telescopic faculty.”