To internalize a negative externality:
a. a producer's costs could be reduced by an amount equal to the external cost resulting from the production of a good.
b. a producer's costs could be increased by an amount equal to the external cost resulting from the production of a good.
c. a producer could receive a subsidy equal to the external cost resulting from the production of a good

This year, real GDP per person in Country A is eight times real GDP per person in Country B

If Country B's real GDP per person grows at a rate of 5 percent, about how many years will it take for Country B to reach the level of real GDP per person in Country A in this year? A) 42 years B) 56 years C) 14 years D) 28 years E) It will never reach Country A's level of GDP per person.

To answer the following question, please refer to the figure below. Concentrating only at the lower left quadrant, discuss the relationship between the U.S. real money supply and the dollar/euro exchange rate, E$/E

What will be an ideal response?