The GAP ratio is a measure of __________ risk

The benefit from an additional unit of a good or service that people other than the consumer of that good or service receives is the

A) marginal private benefit. B) marginal external benefit. C) marginal social benefit. D) opportunity cost.

Market economies produce outcomes that

a. are virtually ideal in all respects. b. are inferior to most other systems. c. are, in some respects, far from ideal. d. are virtually indistinguishable from command economies.