If people took external costs like pollution into consideration:
A. they would consume less of the goods causing these externalities.
B. they would act in a way that is optimal from a societal perspective
C. the markets for these goods creating such externalities would generate greater surplus.
D. All of these statements are true.
D. All of these statements are true.
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A debit entry in the balance of payments system could be from which of the following?
A) a payment from abroad received by a domestic resident. B) a payment made while abroad by a domestic resident. C) a decrease in the current account deficit. D) an increase to the capital account surplus.
Which of the following appears as a liability on the Federal Reserves balance sheet?
A) U.S. government securities owned outright B) Commercial bank deposits C) Gold certificates D) Cash items in the process of collection
Identify the correct statement
a. The United States was an international net debtor from the end of World War I until the mid-1980s. b. The United States was an international net creditor from the end of World War I until the mid-1980s. c. In 1945, the United States became an international net debtor for the first time in almost 70 years. d. In 1985, the United States became an international net creditor for the first time in almost 70 years. e. The net creditor status of the United States has grown steadily since 1985.
Which of the following describes a natural monopoly?
a. When economies of scale are large relative to size of market b. Created by the government through patents, copyrights c. When one firm has control of a physical resource d. When one firm pursues predatory pricing