If social returns to the production of a good are greater than private returns, then we can conclude that relative to the social optimum, the good will be
A) overproduced and underpriced.
B) underproduced and overpriced.
C) overproduced and overpriced.
D) underproduced and underpriced.
B
Economics
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The greater the marginal propensity to consume (MPC) in the economy, the greater the spending multiplier
a. True b. False Indicate whether the statement is true or false
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