For a good with an external cost, the supply curve
A) represents the various quantities people can buy.
B) is the same as the marginal private cost curve.
C) is the same as the marginal social cost curve.
D) is the same as the marginal external cost curve.
B
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States' rights advocates were reluctant to interfere with a bank's freedom to give or not give credit
Indicate whether the statement is true or false
The discount rate is the interest rate charged by:
A. The Federal Reserve when it lends money to private banks. B. A private bank when it lends money to another private bank. C. A private bank when it lends money to commercial customers. D. A regional Fed bank when it lends money to another regional Fed bank.
"If the Federal Reserve raises interest rates, demand for housing is likely to fall" is a ________ statement about ________ policy.
A. positive; monetary B. normative; fiscal C. normative; monetary D. positive; fiscal
The market price can sometimes be difficult to identify due to which of the following?
A. Sale prices and negotiated prices B. The laws of supply and the law of demand C. Equilibriums and opportunity costs D. Satiation and zero prices