Private costs are:
a. the full resource costs of an economic activity.
b. always less than social costs.
c. the costs of an economic activity borne by the producer.
d. all of these.
c
Economics
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Arbitrage may not achieve purchasing power parity due to
a) trade costs B) dealer markups that vary between nations C) taxes on income D) high interest rates
Economics
An increase in the price of oil causes
a. a decrease in the demand for substitute goods. b. an increase in the price of substitute goods. c. an increase in the demand for complementary goods. d. an increase in the price of complementary goods.
Economics