When positive externalities are present, it means that:
A. society bears part of the cost borne of private transactions.
B. individuals consume more than the social optimum.
C. individuals don't take into account all the benefits associated with their market choice.
D. All of these statements are true.
Answer: C
Economics
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Refer to Table 8-19. Given the information above, calculate the GDP deflator in 2015
A) 87 B) 95 C) 105 D) 114
Economics
The rise in agricultural discontent in the late 19th century can be best explained by
a. the rise of railroad cartels in the Midwest. b. the rise of global market forces not easily observed by the farmers. c. a decline in the value of agricultural exports from 1870 to 1900. d. predatory lending by banks, resulting in increased farm repossessions.
Economics