The total costs of using a resource are made up of
A) private costs only.
B) external costs only.
C) social costs only.
D) internal and private costs only.
C
Economics
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The trough of a contraction is
A) the point in time at which the level of national business activity reaches a minimum before expanding again. B) the point in time at which the level of national business activity reaches a maximum before contracting again. C) the rate at which the level of business activity is declining. D) an external shock that causes economic activity to decline.
Economics
The supply curve for chicken will shift to the right, if production costs increase
a. True b. False Indicate whether the statement is true or false
Economics