A tax is sometimes used by government to correct the problems associated with
A) negative externalities.
B) positive externalities.
C) internal benefits.
D) external benefits.
Answer: A
Economics
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When determining the production possibilities curve
A) the trade-off between the goods in the economy remains constant. B) the amount of productive resources remains constant. C) the prices of the goods are used. D) the prices of resources are used.
Economics
Refer to the above figure. MRP0 represents
A) the supply curve for the product. B) the supply curve for labor. C) the demand curve for the product. D) the demand curve for labor.
Economics