Externalities could be eliminated from society if it were not for the existence of
A) conflicting interests.
B) government.
C) private property.
D) selfishness
E) transaction costs.
E
Economics
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Which of the following variables is used to determine a country's economic growth?
i. real GDP ii. wages iii. inflation A) ii and iii B) i, ii and iii C) i and ii only D) i only E) i and iii
Economics
When the Federal Reserve wants to slow inflation, it
A) lowers the federal funds rate. B) increases taxes on interest income. C) raises the federal funds rate target. D) increases aggregate income, output, and employment. E) cuts the federal funds rate target aggressively to almost zero.
Economics