An individual firm has little incentive to voluntarily internalize any external costs it was creating because:
a. it would shift its cost curves downward
b. it would put it at a competitive disadvantage compared to its rivals.
c. it would have to increase output to make up for the added costs.
d. they do not care at all about other people.
b
Economics
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Interest rate increases lead to currency appreciation and increases in net exports
a. True b. False Indicate whether the statement is true or false
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In an economy with persistent inflation,
a. real GDP will grow faster than nominal GDP. b. nominal GDP will grow faster than real GDP. c. nominal and real GDP will grow at the same rate. d. nominal and real GDP will both fall.
Economics