Marginal social cost is made up of marginal private cost and external cost.
Answer the following statement true (T) or false (F)
True
You might also like to view...
If the Fed decides to sell T-bills, it increases the supply of T-bills. How will this affect the price of T-bills and the interest rate?
A. T-bill prices fall and interest rates fall. B. T-bill prices rise and interest rates rise. C. T-bill prices rise and interest rates fall. D. T-bill prices fall and interest rates rise.
One way to characterize technological change is "creative destruction," which basically means that today's innovation will productively destroy yesterday's capital investment
This destruction creates new job opportunities, boosts production and offers a greater variety or more goods and services than in the past. Indicate whether the statement is true or false
A limit on the quantity of a good that may be imported in a given time period is called:
a. an embargo. b. a tariff. c. a quota. d. dumping.
Which is necessarily true if the government were to replace a progressive income tax system with a proportional one?
A. Lower income groups would pay less tax B. Higher income groups would pay less tax C. Lower income groups would pay more tax D. The distribution of after-tax income would become less equal