External costs are
A. Outside costs that producers absorb.
B. Domestic economic impacts of foreign events.
C. Effects of government on the private sector.
D. The difference between social and private costs of a market activity.
Answer: D
You might also like to view...
"When the balance of payments sums to zero is the only situation in which there is an equilibrium." Do you agree or disagree? Why?
What will be an ideal response?
Given the production possibility curve shown below, the opportunity cost of listening to each additional album when moving from point B to point A is on average:
A. 1 article. B. 3 articles. C. 2 articles. D. 1/2 article.
Which is included in the expenditures approach to GDP?
a. The monetary value of stocks and bonds owned by investors b. Spending on used clothing by consumers at garage sales c. Spending on meals by consumers at restaurants d. The monetary value of used trucks purchased by construction companies
Refer to the diagram, representing Slippery Slope Oil Company. How many million barrels should Slippery Slope extract and sell this year?
A. 5.
B. 10.
C. 15.
D. It cannot be determined with the information given.