Author Question: Firms that emit toxins into the air: a. underproduce because the private cost of production exceeds ... (Read 92 times)

bcretired · **on:** Jun 30, 2018

Firms that emit toxins into the air:
a. underproduce because the private cost of production exceeds the social cost.
b. overproduce because the social cost of production exceeds the private cost.
c. produce the same as nonpolluting firms.
d. produce at the socially optimal amount.

Question 2

All of the following are part of M2 except one. Which is the exception?
a. Money market deposit accounts
b. Coins
c. Traveler's checks
d. Large-denomination time deposits
e. Savings deposits