« previous next »

Author Question: If there are both external benefits and external costs: a. the social marginal benefit of an ... (Read 139 times)

aabwk4

  • Hero Member
  • *****
  • Posts: 593
on: Jun 30, 2018
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.


Brenm

  • Sr. Member
  • ****
  • Posts: 359
Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

c


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Malaria was not eliminated in the United States until 1951. The term eliminated means that no new cases arise in a country for 3 years.

Did you know?

Medication errors are more common among seriously ill patients than with those with minor conditions.

Did you know?

Eating carrots will improve your eyesight. Carrots are high in vitamin A (retinol), which is essential for good vision. It can also be found in milk, cheese, egg yolks, and liver.

Did you know?

Most women experience menopause in their 50s. However, in 1994, an Italian woman gave birth to a baby boy when she was 61 years old.

Did you know?

The first successful kidney transplant was performed in 1954 and occurred in Boston. A kidney from an identical twin was transplanted into his dying brother's body and was not rejected because it did not appear foreign to his body.

Nose, nasal cavity, and pharynx: (A) nasal cartilages and external structure; (B) meatus and positio Nose, nasal cavity, and pharynx: (A) nasal cartilages and external structure; (B) meatus and positio
Social Institutions in Industrial and Postindustrial Societies. Social Institutions in Industrial and Postindustrial Societies.
When a Tornado Strikes: Social Organization Following a Natural Disaster When a Tornado Strikes: Social Organization Following a Natural Disaster
Marx's Model Of The Social Classes Marx's Model Of The Social Classes
Created Equal: A Social and Political History of the United States, Brief Edition Created Equal: A Social and Political History of the United States, Brief Edition
Development of the Eyes and Ears: External View - 28 days Embryo Development of the Eyes and Ears: External View - 28 days Embryo
Video: Acid-base imbalances - compensation of metabolic acidosis and alkalosis

For a complete list of videos, visit our video library