External costs are
A) borne by individuals other than those who incurred them.
B) another term for implicit costs.
C) borne by the public but incurred by the government.
D) borne by the government but incurred by the public.
A
Economics
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When building a model, an economist must:
a. adjust for exceptional situations. b. provide a complete description of reality. c. make simplifying assumptions. d. develop a set of behavioral equations.
Economics
Refer to the given data. If the wage rate is $20, how many workers will the firm choose to employ?
A. 5.
B. 4.
C. 3.
D. 2.
Economics