Net exports are
A. exports minus debt.
B. exports minus imports.
C. exports minus marginal product.
D. exports divided by population.
Answer: B
Economics
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Common property resources like fish stocks in open waters tend to be over-utilized because:
A) the marginal social cost is less than the private marginal cost. B) the marginal social cost is always equal to the private marginal cost. C) the marginal social cost is greater than the private marginal cost. D) none of the above
Economics
Which of the following is a result of a market economy?
A) environmental protection B) an equal income distribution C) agreement on equity D) voluntary exchange
Economics