Which of the following offers the best example of an external cost?
a. The opportunity cost of money that an entrepreneur has invested in her business
b. The payments to owners of labor resources and coal inputs used by a coal-burning electric generating facility
c. The price paid by households for electricity service, including both the electricity itself and the cost of transporting the electricity through power lines
d. The harms to private property, open-access resources, and human health caused by pollution byproducts of electricity production
d
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Fill in the blank: Your authors argue that focusing on the market as a ________ process helps to better explain the haggling and negotiation activities, which are at the core of our production and consumption plans in the real world
A) monopolized B) oligopolized C) perfectly competitive D) competitive
A simultaneous leftward shift in SRAS and rightward shift in AD may come from the dollar _______________ in the aftermath of a ____________________ in United States real interest rates
A) depreciating; rise B) depreciating; fall C) appreciating; rise D) appreciating; fall