Another name for internal cost is
A) private cost.
B) social cost.
C) psychological cost.
D) marginal cost.
Answer: A
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The VP in charge of product launches hypothesizes that a particular product would be profitable, then launching an unprofitable product is a
a. Type I error b. Type II error c. Type III error d. Type IV error
The cost of cyclical unemployment is
a. spread broadly among the U.S. population b. the inflationary impact of increased federal expenditures on the unemployed c. growing as the U.S. population ages d. especially felt by recent college graduates e. the lost output that results
The general view of the governments of middle- and low-income countries such as Brazil, Nigeria, India, and China is that environmental protection is
a. a necessity. b. illegal. c. a luxury. d. undemocratic.
Assume the money market is initially in equilibrium. If the price level increases, then according to liquidity preference theory there is an excess
a. supply of money until the interest rate increases. b. supply of money until the interest rate decreases. c. demand for money until the interest rate increases. d. demand for money until the interest rate decreases.