When we add private benefits and external benefits together, the result is called:

A. public costs.
B. network benefits.
C. production benefits.
D. social benefits.


Answer: D

Economics

You might also like to view...

Neoclassical economists believe that the government fosters economic growth by providing a stable economic environment with a low rate of ____________ and tax rates that are low and unchanging.

a. importing b. growth c. unemployment d. inflation

Economics

To achieve long-run equilibrium in an economy with a recessionary gap, without the use of stabilization policy, the inflation rate must:

A. not change. B. increase. C. decrease. D. either increase or decrease depending on the relative shifts of AD and AS.

Economics

Explain what is meant by excess demand or s shortage

What will be an ideal response?

Economics

If the demand for a product decreases and the supply of the same product increases, the equilibrium quantity will increase

Indicate whether the statement is true or false

Economics