The total social costs of production are:

a. private costs plus private benefits.
b. private benefits minus private costs.
c. private costs plus external costs
d. private costs minus external costs.


c

Economics

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How can a firm have a negative valued added, as supposedly some state-owned businesses did in the former Soviet Union? What has to be true for value added to be negative?

What will be an ideal response?

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For the United States, U.S. direct foreign investment abroad is more significant than foreign investment in U.S. securities and currency

Indicate whether the statement is true or false

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If AE < Y, which of the following will NOT occur?

A) inventories will decline B) actual investment will be more than planned investment C) employment will decline D) GDP will decline

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If Melanie had $200,000 of income and spent $180,000 on consumption in 2010 and had $300,000 of income and spent $240,000 on consumption in 2011: a. her APC in 2010 was 0.8. b. her APC in 2011 was 0.9. c. her MPC was 0.6

d. her MPC was 0.8.

Economics