National defense is an example of an externality.
Answer the following statement true (T) or false (F)
False
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When the dollar depreciates, the prices of imported inputs
A. fall and aggregate supply shifts outward. B. fall and aggregate supply shifts inward. C. rise and aggregate supply shifts outward. D. rise and aggregate supply shifts inward.
Marginal external cost equals marginal private cost minus marginal social cost
a. True b. False
In 1984, amendments to RCRA restrict landfilling activity, which in turn
a. would cause the MPC of land disposal to rise b. may offer some incentive for waste disposers to generate less waste c. reduce the external cost of landfilling d. all of the above
If the U.S. government imposed a tariff on imported steel, it would be expected that
A. the quantity of steel used in the United States would decrease. B. the quantity of steel imported would be reduced. C. the price of steel would rise. D. All of the choices are true.