Social cost is:
a. the sum of the cost of externality and private cost
b. the difference between the cost of externality and private cost.
c. the product of the cost of externality and private cost.
d. the ratio of the cost of externality and private cost.
a
Economics
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Those closest to fomenting a real revolution during the early years of the Great Depression were
(a) bankers. (b) farmers. (c) industrial workers. (d) the middle class.
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Which of the following tools of commercial policy yields a revenue to the government?
a. Quota b. Tariff c. Export subsidy d. Government procurement policy e. Health and safety standards
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