________ efficiency occurs when the firm produces a rate of output at which marginal cost equals the marginal benefit that consumers derive from the good. ________ efficiency occurs when the firm produces at the minimum point on its long-run average-cost curve

A federal budget deficit ________ interest rates, which ________ exchange rates (foreign currency per domestic currency), and ________ the balance of trade

A) reduces; raises; reduces B) raises; reduces; reduces C) reduces; reduces; raises D) raises; raises; reduces

The concept of external benefit is associated with a negative externality, but not with a positive externality

a. True b. False Indicate whether the statement is true or false