The sum of the marginal private benefit and the marginal external benefit derived from eco-tourism in British Columbia is called the

A) total private benefit.
B) net gain.
C) total external benefit.
D) marginal social benefit.
E) total Coase benefit.

D

Economics

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In comparison to an economy with extractive institutions, an economy with inclusive institutions will be characterized by:

A) higher output and larger number of entrepreneurs. B) lower output and a higher number of entrepreneurs. C) higher output and smaller number of entrepreneurs. D) lower output and smaller number of entrepreneurs.

Economics

According to Piketty, economic history is the story of a race between:

a. capital accumulation b. population growth c. technological progress d. all of the above e. a and c only

Economics