The DD schedule shows all combinations of which 2 variables so that the output market is in equilibrium?

A) imports and exports
B) exports and the exchange rate
C) foreign prices and the exchange rate
D) output and the exchange rate
E) output and exports

D

Economics

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What a firm must pay for its inputs is referred to as its:

A) production value. B) cost of production. C) opportunity cost. D) loss in production.

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You are having a party and one of your guests lights up a cigar without asking. Explain why this creates an externality

What will be an ideal response?

Economics