If there are both external benefits and external costs:
a. the social marginal benefit of an activity exceeds the private marginal benefit.
b. the private marginal benefit of an activity exceeds the private marginal cost.
c. the social marginal cost of an activity exceeds the private marginal cost.
d. Both a. and c. are true.
Question 2
If the actual unemployment rate is less than the natural rate of unemployment, there will be a tendency toward:
a. increased inflation and a leftward shift of the short-run Phillips curve.
b. decreased inflation and a rightward shift of the short-run Phillips curve.
c. increased inflation and a rightward shift of the short-run Phillips curve.
d. decreased inflation and a leftward shift of the short-run Phillips curve.
Defibrillator. Defibrillators are devices that supply a voltage charge to the heart in the hope of r
Example of the Index to External Causes.
Benefits of outsourced payroll.
The main avenue to the upward social mobility reviewed in the text has been higher education.
Despite the globe’s vast social change, people all over the world continue to make race a ...
Dagny Taggart is a graduating college senior and she is considering the costs of going to ...