If the price of a soda is $0.50, and the marginal utility of the first soda consumed is valued at $2, then the consumer surplus of that first soda is

Private capital flows in the form of both direct and portfolio investment began to return to Latin America after 1989, effectively marking the end of the Lost Decade

Indicate whether the statement is true or false

Costs that are borne solely by the individuals who incur them are called

A) private costs. B) public costs. C) social costs. D) implicit costs.