The marginal cost of production that is borne by the entire society is the
A) marginal private cost.
B) marginal social cost.
C) marginal external cost.
D) None of the above answers is correct.
B
Economics
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With expected inflation equal to zero in the model, investment activity for an economy is:
a. a positive function of the nominal rate of interest. b. a negative function of the nominal rate of interest. c. constant in the face of differing nominal rates of interest. d. limited to the rate of growth of nominal GDP minus the inflation rate.
Economics
Countries that engage in trade will tend to specialize in goods in which they have a(n) _______ and will _______ those goods.
A) comparative advantage; import B) absolute advantage; export C) comparative advantage; export D) economic profit; import
Economics