Suppose that the market price of good X equals the firm's cost of producing that good, but it does not reflect any costs imposed on society. Which of the following is FALSE?
A) The good is priced too low.
B) An external benefit is associated with good X.
C) Resources are over-allocated in the production of good X.
D) Too much of good X is being produced.
B
Economics
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An example of third-party financing of health care is
A) patients paying for their visit to the doctor. B) patients not going to the doctor in order to save money. C) a patient going to another doctor for a second or a third opinion. D) Medicare.
Economics
Historically, black students have had ______.
a. the same educational opportunities as white students b. inferior educational opportunities to white students c. superior educational opportunities to white students d. different, but equivalent opportunities to white students
Economics