The marginal social benefit of pollution is the incremental benefit to society from producing one more unit of pollution.
Answer the following statement true (T) or false (F)
True
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A country must have absolute advantage in a good in order to have comparative advantage in that good
Indicate whether the statement is true or false
One of the surprising conclusions of many of the noncooperative models of oligopoly is that firms end up better off with the noncooperative outcome than they would by cooperating with one another
Indicate whether the statement is true or false
A share of stock in a corporation is
A) a guarantee to a fixed amount of income from the corporation. B) a legal claim to a lump-sum payment at a specified point of time in the future. C) a legal claim to a dividend, regardless of the corporation's ability to pay its interest payments. D) a legal claim to a share of the company's future profits.
Externalities
A. Are the costs or benefits of market activities that "spill over" onto third parties. B. Occur because demand is hidden. C. Occur because of government failure. D. Occur because of selfish consumers.