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Author Question: If a negative externality results from the refining of oil, the cost of production as seen by the ... (Read 54 times)

sc00by25

  • Hero Member
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  • Posts: 596
on: Jun 30, 2018
If a negative externality results from the refining of oil, the cost of production as seen by the oil refinery:
 a. does not include the external cost.
 b. includes the external cost.
 c. does not include the external benefit.
  d. includes the external benefit.

Question 2

Rational expectation theory implies that accurately anticipated change in aggregate demand:
 a. will increase RGDP in the short run.
 b. will affect RGDP and inflation only in the long run.
 c. may affect RGDP but not nominal GDP in the short run.
  d. will do none of the above.


momolu

  • Sr. Member
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  • Posts: 320
Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

d


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