Refer to the information provided in Figure 16.1 below to answer the question(s) that follow.  Figure 16.1 Refer to Figure 16.1. The ________ imposed as a result of producing the market (unregulated) level of fertilizer is $300.

A. marginal private cost
B. total damage
C. marginal social cost
D. tax


Answer: B

Economics

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The exchange rate system followed by the United States is known as

A) the gold standard. B) a fixed exchange rate system. C) a flexible exchange rate system. D) a barter system.

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Which of the following would be an asset on a consolidated balance sheet for a commercial bank?

a. Checkable deposits b. Time and savings deposits c. Reserves held on deposit at the Federal Reserve d. Borrowing from the Federal Reserve

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What percentage of American business firms are incorporated?

a. about 20 percent b. about 40 percent c. about 50 percent d. over 60 percent

Economics

Explain how GNP differs from GDP

Economics