All remedies for externalities share the goal of
a. moving the allocation of resources toward the market equilibrium.
b. moving the allocation of resources toward the socially optimal equilibrium.
c. increasing the allocation of resources.
d. decreasing the allocation of resources.
b
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The two functions that are critical to the key role that commercial banks play in stabilizing the economy are accepting deposits and making loans
Indicate whether the statement is true or false
If there is a negative sign in front of unilateral transfers for the United States, then
A) the United States imported more services than it exported. B) the value of U.S. gifts to foreigners exceeded foreign gifts to U.S. residents. C) the United States imported more commercial financial assets than it exported. D) the United States had a negative balance of trade.