Marginal damages
A. must always be considered in social marginal costs.
B. must not be considered in social marginal costs.
C. must sometimes be considered in social marginal costs.
D. have nothing to do with social marginal costs.
A. must always be considered in social marginal costs.
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During the summer months, many families go hiking, camping, and fishing at national parks. This is an example of
A. aggregate demand for the outdoors. B. the incentive to work hard, play hard. C. underground economic activity. D. the implicit value of leisure time.
In a market in which firms operate in monopolistic competition,
A) the HHI for a single firm exceeds 2500. B) firms compete on price, quality and marketing. C) in the long run firms produce at their efficient scale. D) in the long run firms are not able to charge a marku
The current tax system is extremely progressive at the extreme ends of the income distribution
a. True b. False
An aggregate demand curve
A. is upward sloping. B. relates aggregate quantity demanded to an index of variables including price level, worker productivity, and international exchange rates. C. shows the amount of aggregate national production at different levels of disposable income. D. shows the inverse relationship between the price level and the total quantity of goods and services demanded.