If negative externalities are created in the production of a good, then society will:
a. produce too much of the good since the marginal private cost to firms is less than the marginal social cost.
b. produce too little of the good since the marginal private cost to firms is less than the marginal social cost.
c. produce too much of the good since the marginal private cost to firms is greater than the marginal social cost.
d. produce too little of the good since the marginal private cost to firms is greater than the marginal social cost.
Question 2
If people correctly anticipate the effects of expansionary policy, an increase in the growth rate of aggregate demand will tend to increase real GDP:
a. in both the short run and the long run.
b. in the short run but not the long run.
c. in the long run but not the short run.
d. in neither the short run nor the long run.
The subculture that centers around tattooing previously existed on the fringes of society, with ...
Examples of the most common X-ray positions and the images they produce.
Examples of the most common X-ray positions and the images they produce.
The cell wall of a Gram-negative bacterium, E. coli
Large-scale circulation systems produce global climate patterns
Close-up of a newly created enzyme degrading PET plastic