Saving time by driving faster is an example of a ________ of driving faster. Increasing the severity of injuries from a potential accident due to driving faster is a(n) ________ of driving faster
A) nominal cost; real cost B) normative benefit; opportunity cost
C) marginal benefit; marginal cost D) marginal cost; nominal cost
C
Economics
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What will a market that experiences a positive externality also experience?
a) a greater market output and lower market price than is optimal b) a smaller market output and lower market price than is optimal c) a smaller market output and a higher market price than is optimal d) a greater market output and higher market price than is optimal
Economics
If a firm in the U.S. wants to purchase 50,000 yuan worth of raw materials from a Chinese firm, how many dollars would it have to transfer to the firm? Assume that one dollar exchanges for 6 yuan in the foreign exchange market
A) $8333.33 B) $7,500 C) $6,773.21 D) $9,663.22
Economics