This graph of negative externalities in production shows that the social costs of a negative externality are always ______ the private costs.
a. the inverse of
b. the same as
c. higher than
d. lower than
c. higher than
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The effective use of coercion in a society ultimately depends upon
A) fear. B) free enterprise. C) police enforcement. D) voluntary cooperation.
The equilibrium interest rate in a money market is determined by: a. the rate of inflation
b. aggregate demand and aggregate supply. c. money demand and money supply. d. the Congress. e. the Fed.
The change in the contribution of capital formation was the chief cause of the productivity slowdown in 1973–1995.
Answer the following statement true (T) or false (F)
If the U.S. dollar becomes stronger in international foreign exchange markets, imported goods become less expensive. One immediate result of this is that
A. real Gross Domestic Product (GDP) increases. B. net exports increase. C. net exports decrease. D. domestic employment rises.