Please consider Table 22-2 below. Assuming constant Annual Average Growth Rate in the future, calculate the output per capita for the United States and South Korea for the year 2040

If positive externalities are present in a free market, ________ at any output level

A) the marginal cost of production equals the average cost of production B) the marginal social cost of production exceeds the marginal private cost C) the marginal private benefit from production equals marginal social benefit D) the marginal social benefit of production exceeds marginal private benefit

The three major responsibilities of the ________ are legislative power, control over the budget, and supervision of executive decisions.

A) European Commission B) European Council C) European Parliament D) European Court of Justice