Which of the following is an example of an external cost?
A) a grove of trees planted in a park in Seattle
B) a library built in Philadelphia
C) a new, faster computer chip
D) an oil spill off the coast of South America
E) a student graduating from college
D
Economics
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Microeconomics helps explain economic fluctuations, why the economy shrinks and expands and why some of the economy's resources are idle
Indicate whether the statement is true or false
Economics
Procyclical variables ________ during expansions and ________ during recessions
A) fall; fall B) rise; fall C) fall; rise D) rise; rise
Economics