According to the National Bureau of Economic Research, the "two most reliable comprehensive estimates of aggregate domestic production" are ________ when dating the beginning and ending of recessions
A) the level of employment and monthly payroll data
B) industrial production and wholesale and retail sales
C) gross domestic product and gross domestic income
D) real manufacturing production and the natural rate of unemployment
C
Economics
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The marginal private cost of a chemical is $100 per ton and its marginal external cost is $20 per ton. What is the marginal social cost of the chemical?
What will be an ideal response?
Economics
Being a price taker, a perfectly competitive firm cannot receive a producer surplus in the short run
Indicate whether the statement is true or false
Economics