The external benefit of a good
A) equals its consumer surplus.
B) equals its producer surplus.
C) equals its total surplus.
D) is a benefit from the good falling on people who are not the consumers of the good.
D
Economics
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The rapid adoption of Basic Oxygen Furnaces by "Big Steel" (the top six firms) kept the American basic steel industry from falling behind changes in world technology during the 1960s
Indicate whether the statement is true or false
Economics
Wage differentials across individual workers are determined in part by
A. effort. B. social capital. C. productivity. D. luck. E. All of these are determinants of wage differentials.
Economics