Which of the following describes how a positive externality affects a competitive market?
A) The externality causes a difference between the private benefit from production and the social cost of production.
B) The externality causes a difference between the private benefit from consumption and the social benefit.
C) The externality causes a difference between the social cost of production and the social cost of consumption.
D) The externality causes quantity demanded to exceed quantity supplied.
B
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Your savings account balance would be counted in which measure of money?
A. M1 B. M2 C. Hard money D. It would be counted in both M1 and M2
Unlike those enrolled in a PPO, patients in an HMO can generally opt for nonparticipating physicians
a. True b. False Indicate whether the statement is true or false
A person who voluntarily quits his/her job in New York and expects to get a similar job in Los Angeles is an example of:
A. structural unemployment. B. cyclical unemployment. C. durational unemployment. D. frictional unemployment.
The average tariff rate of the United States in the 1930s was about ________ of the value of their imports.
A. 1.6 percent B. 7.4 percent C. 59 percent D. 100 percent