The cost that society incurs in cleaning up pollution caused by a firm's production is the same as the __________ associated with that production
a. negative externality
b. positive externality
c. private marginal cost
d. intersection of the demand and supply curves
e. price
A
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The Doha Round of international trade talks concluded in 2007 with the successful establishment of a general free trade agreement between developing and developed nations
Indicate whether the statement is true or false
An appreciation of the U.S. dollar would shift the:
A) aggregate demand curve rightward. B) aggregate demand curve leftward. C) aggregate supply curve rightward. D) aggregate supply curve leftward.
Because of the greater flexibility that firms have in the long run, all short-run cost curves lie on or above the long-run curve
a. True b. False Indicate whether the statement is true or false
Proposals for bilateral reduction of tariffs in the U.S. and France have been developed through
A. CAFTA. B. NAFTA. C. UNESCO. D. GATT.