An externality can be a
A) cost or a benefit.
B) benefit but not a cost.
C) cost but not a benefit.
D) marginal cost but not a total cost.
A
Economics
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Modern investment banking houses emerged in the U.S. in the 19th century to assist in financing:
a. railroad construction. b. mail-order houses. c. large corporations producing iron and steel. d. the textile industry.
Economics
If there is initially a federal budget deficit, and taxes rise, while transfer payments fall:
a. AD increases and the budget deficit increases. b. AD increases and the budget deficit decreases. c. AD decreases and the budget deficit increases. d. AD decreases and the budget deficit decreases.
Economics