Because trucking as an industry involves the generation of pollutants in engine exhaust,

A) the supply curve of trucking services overstates the true cost of providing those services.
B) the supply curve of trucking services understates the true cost of providing those services.
C) the demand curve for trucking services overstates the true benefit of providing those services.
D) the demand curve for trucking services understates the true benefit of providing those services.
E) the market for trucking services will always be away from equilibrium by an amount equal to the value of the externality.

B

Economics

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As output increases, average fixed cost

A) always decreases. B) increases, then decreases. C) decreases, then increases. D) remains constant.

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Refer to Table 11.1. What is the value of net exports or the trade balance?

A) $300. B) -$300. C) $1,700. D) -$1,700.

Economics