The existence of many discouraged workers in an economy may cause us to

A common resource is used efficiently if

A) the output is maximized. B) marginal social benefit equals marginal social cost. C) marginal private benefit equals marginal private cost. D) marginal social benefit is maximized.

Firms in Thailand that had borrowed dollars while the baht was pegged to the dollar faced interest payments that were ________ than they had planned because the baht had been pegged ________ the equilibrium exchange rate for the baht

A) higher; below B) lower; below C) lower; above D) higher; above