Marginal external costs are
a. additional unpriced costs imposed on society by producing one more unit of a good
b. the cost of damaged goods
c. the additional cost of imported goods
d. the total cost to society of producing a good
e. the marginal cost divided by the marginal revenue
A
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Expansionary fiscal policy falls short of its goal. Some economists claim it is due to indirect crowding out. What evidence would be consistent with this claim?
A) The interest rate increased. B) The price level decreased. C) Saving decreased. D) An increase in consumer spending occurred.
If the unemployment rate rises because the number of people not working but searching for work rises, economists would attribute this to the
A. encouraged worker effect. B. fallacy of composition. C. discouraged worker effect. D. none of the options are correct.