A good that has social costs that are less than private costs has a quantity that is
A) too high.
B) too low.
C) just right.
D) equal to zero.
B
Economics
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Division of customers by territory or customer type is illegal
Indicate whether the statement is true or false
Economics
Refer to Table 9.2. (Data are expressed in billions of dollars.)Table 9.2Full Employment Income (Output)Consumers Desire to SpendInvestors Desire to SpendTotal Private SpendingTotal Saving$500$300$250$________$________600375250$________$________700450250$________$________800525250$________$________If the full-employment level of income (YF) in Table 9.2 is $800 billion,
A. The economy is in equilibrium. B. There is an inflationary gap of $250 billion. C. There is a recessionary gap of $275 billion. D. There is a recessionary gap of $25 billion.
Economics