For a good whose production creates a pollution, when marginal social cost equals marginal social benefit, then
I there is no pollution.
II resources are utilized efficiently.
A) I only
B) II only
C) neither I nor II
D) both I and II
B
Economics
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Suppose that the central bank increases interest rates in an economy. How would this affect aggregate demand and inflation?
A) Aggregate demand would fall and inflation would rise. B) Aggregate demand would fall and inflation would fall. C) Aggregate demand would rise and inflation would rise. D) Aggregate demand would rise and inflation would fall.
Economics
For barter to occur, there has to be a double coincidence of wants
Indicate whether the statement is true or false
Economics