The presence of a positive externality in a market leads to ________
A) an underproduction of the good
B) an overproduction of the good
C) a deadweight loss
D) a fall in the consumer surplus
A
Economics
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When the demand for a good decreases, its equilibrium price ________ and equilibrium quantity ________
A) falls; increases B) falls; does not change C) rises; decreases D) rises; increases E) falls; decreases
Economics
According to the U.S. balance of payments accounts in 2012, U.S. international borrowing is used for
A) private saving and public consumption. B) private and public investment. C) private consumption. D) private and public saving. E) government expenditure.
Economics