When external costs are present,
A. There is government failure.
B. The market conveys the full costs of production.
C. Private costs are greater than social costs.
D. There is market failure.
Answer: D
Economics
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When the dollar "cost" of a unit of foreign currency falls, the dollar is against the foreign currency.
a. depreciating b. appreciating c. equalizing d. holding its own
Economics
A persistent shortage or surplus of a currency under the Bretton Woods system was evidence of
A) failure to support the existing fixed exchange rate by central banks. B) speculation against the currency by speculators in world exchange markets. C) fundamental disequilibrium in the country's exchange rate. D) all of the above
Economics