Costs that are borne solely by the individuals who incur them are
A) private costs.
B) social costs.
C) external costs.
D) transaction costs.
Answer: A
You might also like to view...
Some economists argue that the official poverty figures overstate poverty in this country. Why?
What will be an ideal response?
The average number of times per year each dollar is used to transact an exchange is known as the:
a. liquidity of money. b. velocity of money. c. quantity theory of money. d. equation of exchange e. rapidity index
What did the Federal Reserve do in response to the Great Recession?
What will be an ideal response?
A five-cent container deposit on bottles
A. Increases the price of recycled materials and thus discourages recycling. B. Increases the price of containers that do not use recycled materials. C. Has no impact on the price of recycled materials. D. Decreases the price of recycled materials and thus encourages recycling.