With positive externality, _____
a. underproduction causes deadweight loss
b. overconsumption causes deadweight loss
c. net social welfare is maximized
d. the true cost of a transaction is borne by the participants
a
Economics
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Which of the following would cause an increase in the demand for U.S. dollars?
a. an interest rate cut in the United States b. an interest rate cut in Europe c. an interest rate increase in Europe d. a recession in Europe
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The demand curve for the product of a perfectly competitive firm is
A) downward sloping. B) upward sloping. C) perfectly inelastic. D) perfectly elastic.
Economics