If there are external benefits associated with the consumption of a good or service:
A. The private demand curve will overestimate the true demand curve
B. The private demand curve will underestimate the true demand curve
C. Consumers will be willing to pay for all these benefits in private markets
D. The market demand curve will be the vertical summation of the individual demand costs
B. The private demand curve will underestimate the true demand curve
Economics
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Of the following resources, which one is the world most likely to run out of?
A) oil B) pork C) diamonds D) tigers
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If there is public dissaving, investment spending in the economy will decline, holding everything else constant
Indicate whether the statement is true or false
Economics