If a firm is forced to take external costs into account, it will
A) reduce production and charge a higher market price.
B) increase production and charge a lower market price.
C) reduce prices and hire more workers.
D) reduce prices and hire fewer workers.
A
Economics
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In the debate between equity and efficiency, _____ tend to favor efficiency, while _____ tend to favor equity
a. Keynesians; classicals b. monetarists; supply-siders c. supply-siders; Keynesians d. classicals; supply-siders.
Economics
Before the Industrial Revolution, living standards in the world:
A. Were relatively stagnant for long periods of time B. Were already rising significantly for many decades C. Are not known, for lack of reliable records from that period D. Were declining because of rapid increases in population
Economics