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.
Furchgott's discovery that endothelial cells produce a vasodilating substance.
Primary production is constrained by the most limiting factor.
Large-scale impacts of the (a) positive, and (b) negative phases of the North Atlantic Oscillation.
How to plot a sine function with a negative amplitude and phase shift (Question 3 of 3)
Understanding Food Claims Not all label claims are created equal!
potatoes as a very good source of vitamin B6