A firm's private costs

A) include only its direct costs.
B) is the private profit minus the producer surplus.
C) include both direct and indirect costs.
D) exclude the taxes on any externalities generated.

A

Economics

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Homeowners receive tax benefits that are not available to renters

a. True b. False Indicate whether the statement is true or false

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Refer to the table above. The current account balance is equal to

A) +$200 billion. B) +$220 billion. C) +$20 billion. D) -$220 billion. E) -$200 billion.

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