Table 28.2 Firm AFirm BFirm CFirm DExternal Costs$0$________175$________Private Costs400250175200Social Costs________350$________250For which firm are all costs internalized in Table 28.2?

Which of the following resulted in a retaliation by the United States of increased tariffs on cheeses and meats from Europe?

(A) Steel Tariff of 2002 (B) Beef War of 1999 (C) Smoot-Hawley Tariff of 1930 (D) Chicken Tariff of 1963

Open market operations are

a. rarely used and the least effective tool used by the Fed to control the money supply b. the most frequently used and the most effective tool the Fed has to control the money supply c. used only when the Fed wants the money supply to change rapidly d. used to adjust the actual money supply to the potential money supply e. used to counteract the deficit spending of the federal government