The difference between the marginal social cost and the private cost of a common property resource represents:
A) the social discount rate.
B) a deadweight loss.
C) is generally negative because the people who use the resources assign higher value to them than other members of society.
D) the opportunity cost of reducing the resource by one unit for other members of society.
D
Economics
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For interest rates to remain stable during economic expansions, the money supply should: a. decrease at a faster rate than the demand for money. b. grow at the same rate as money demand
c. grow at a faster rate than money demand. d. grow at a slower rate than money demand. e. decrease at a slower rate than the demand for money.
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Unions typically ____ deregulation because it generally makes pricing ____ competitive
a. oppose; more b. oppose; less c. support; more d. support; less
Economics