Net exports are:
A) negatively related to domestic income, positively related to income in the rest of the world, and positively related to currency appreciation.
B) negatively related to domestic income, positively related to income in the rest of the world, and positively related to currency depreciation.
C) positively related to domestic income, positively related to income in the rest of the world, and positively related to currency appreciation.
D) positively related to domestic income, positively related to income in the rest of the world, and positively related to currency depreciation.
B
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The benefit from an additional unit of a good or service that society receives from the consumption of that good or service is the
A) marginal private benefit. B) marginal external benefit. C) marginal social benefit. D) opportunity cost.
Many beach-goers leave plastic bottles on beaches instead of putting them in trash cans. This is an example of a
A) public good. B) positive externality. C) neutral externality. D) negative externality.