When a market is corrected for externalities, it:
A. makes everyone in society better off.
B. is equitable.
C. maximizes surplus.
D. All of these statements are true.
Answer: C
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The official settlements account records the change in official U.S. reserves
Indicate whether the statement is true or false
Everything else held constant, if aggregate output is to the left of the LM curve, then there is an excess ________ of money which will cause the interest rate to ________
A) supply; fall B) supply; rise C) demand; fall D) demand; rise
The Celler-Kefauver Act of 1950:
A. established the FTC. B. closed down a loophole in the Clayton Act by outlawing mergers through the purchase of another firm's physical assets. C. closed down a loophole in the Sherman Act by outlawing mergers through the purchase of another firm's physical assets. D. banned tying contracts.
If interest rates in the European Union decrease
A. the demand for euros will fall in the foreign exchange market. B. the demand for U.S. dollars will fall in the foreign exchange market. C. nothing will change in the foreign exchange market. D. the supply of U.S. dollars will fall in the foreign exchange market.