Which statement is false?
A. Compared to 30 years ago, there is more sentiment in the U.S. for protection against the import of foreign goods.
B. The basis for international trade is specialization.
C. Our balance of trade has been negative since the early 1900s.
D. None of these statements are true.
C. Our balance of trade has been negative since the early 1900s.
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When the production of a good has an external cost, the
A) marginal social cost curve lies below the marginal private cost curve. B) marginal social benefit curve lies above the marginal private benefit curve. C) equilibrium quantity in an unregulated, competitive market has a marginal social cost greater than the marginal social benefit. D) equilibrium quantity in an unregulated, competitive market has a marginal social cost less than the marginal social benefit.
The purchase of VCU2 by Tomas Tiergarten, a private resident,causes the nation's:
a. Monetary base to fall. b. M2 money supply to fall. c. M2 money multiplier to remain the same. d. Monetary base to rise.