The total costs of using a resource are made up of
A) private costs only.
B) external costs only.
C) social costs only.
D) internal and private costs only.
C
Economics
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Using the DD model, explain what happens to out put when Government demands increase. Use a figure to explain when it is taking place
What will be an ideal response?
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A large increase in Micromania's exports to other countries will cause, ceteris paribus, Micromania's currency to appreciate
Indicate whether the statement is true or false
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The international oil price hike by OPEC was an adverse supply shock faced by the United States in the 1970s.
a. true b. false
Economics
Markets without externalities create pollution
Indicate whether the statement is true or false
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