An external cost is created when you
A) buy a sandwich for lunch. B) litter on the side of the road.
C) graduate from college. D) buy flowers for your mother on Mother's Day.
B
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Average variable cost is at a minimum when ______
A. marginal cost equals average variable cost B. average total cost is at a minimum C. marginal cost exceeds average fixed cost D. average total cost exceeds average variable cost
In a partnership, legal responsibility for all debts is
A) shared by the partners. B) passed to the shareholders. C) paid by the principle owner. D) handled by the bondholders.
Supply-side economists favor tax incentives that
A. Reduce the level of investment. B. Encourage saving. C. Increase the risk incurred by entrepreneurs. D. Discourage infrastructure development.
How do open market operations work?
What will be an ideal response?