Marginal social cost equals marginal ________ cost plus marginal ________ cost, and reflects the true marginal cost to society of an additional unit of production

An inside lag is the time period it takes for the stabilization policies to take effect after they have been implemented

Indicate whether the statement is true or false

International trade between countries typically produces a winner and a loser. Generally, it is the economically more advanced country that gains at the expense of the less developed nation

a. True b. False