When a person does not have to pay the full costs for using a scarce resource, then
A) the use of the resource is not affected since society pays for the resource.
B) more of the resource will be used.
C) the internal costs of using the resource are too high.
D) the social costs of the resource are less than they would be if the "correct" amount of the resource were being used.
B
Economics
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If total domestic savings exceeds domestic investment, then the country will:
a. run a trade surplus. b. borrow from abroad. c. have to float its exchange rate. d. a and b.
Economics
Which of the following instances will total revenue or receipts decline?
A) Price rises and demand is inelastic. B) Price falls and demand is elastic. C) Price rises and demand is elastic. D) Price falls and demand is unit elastic.
Economics