The cost that society incurs in cleaning up pollution caused by a firm's production is the same as the __________ associated with that production

a. negative externality
b. positive externality
c. private marginal cost
d. intersection of the demand and supply curves
e. price

A

Economics

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Critical assumptions behind the Laffer curve include

a. labor supply is inelastic. b. investment is very responsive to higher savings and lower interest rates. c. the economy is above the marginal tax rate that maximizes tax revenue. d. both b and c. e. all of the above.

Economics

Commercial banks in the United States can be chartered

a. by state governments and the federal government b. only by state governments c. only by the federal government d. only by the nationally chartered bank in Washington, D.C. e. only by the Federal Reserve

Economics