Which of the following statements about private and social costs is TRUE?
A) Social costs include externalities.
B) Private cost do not include externalities.
C) Social costs are never smaller than private costs.
D) All of the above.
D
Economics
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Commodity money cannot be used as a unit of account
a. True b. False Indicate whether the statement is true or false
Economics
Which of the following exemplifies spatial differentiation used by firms under monopolistic competition to differentiate their product in the market?
a. A car dealer offering free after sales service for the first 8 months b. A diamond jeweler offering products online and at retail stores situated at convenient locations c. A cosmetics manufacturer providing free skin care tips to its customers d. A toy manufacturer using bright colors for packaging its products
Economics