The federal funds rate is ________ of the Fed

If a nation is a net importer it means that the:

A) nation only imports goods and services and does not export any good. B) nation only imports those goods in which it has an absolute disadvantage. C) nation's imports are worth more than exports over a given period of time. D) nation prohibits the import of goods and services that can be produced domestically.

If too little of a good is being produced in the free market, the production of the good is likely to have a(n) ________ externality

A) positive B) negative C) pecuniary D) absolute