MSB equals
A) MC + the marginal external cost.
B) MC + the marginal external benefit.
C) MB + the marginal external cost.
D) MB + the marginal external benefit.
E) MB + MC.
D
Economics
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A disadvantage of unit excise taxes is they create the incentive _____
a. for producers to favor smaller products over larger products b. for producers to favor expensive products over inexpensive products c. for buyers to purchase more of the good then they otherwise would d. for buyers to shift to substitute goods with ad valorem excise taxes
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Who was the economist who first analyzed the advantages of specialization and the division of labor?
A) David Ricardo B) Arthur C. Pigou C) Ronald Coase D) Adam Smith
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