Consider leaf burning that generates negative externalities. The private cost is
a. less than the external cost
b. greater than social benefit
c. understated by the amount of the social cost
d. less than the social cost
e. shared with third parties
D
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Net exports are:
A) negatively related to domestic income, positively related to income in the rest of the world, and positively related to currency appreciation. B) negatively related to domestic income, positively related to income in the rest of the world, and positively related to currency depreciation. C) positively related to domestic income, positively related to income in the rest of the world, and positively related to currency appreciation. D) positively related to domestic income, positively related to income in the rest of the world, and positively related to currency depreciation.
Government controls of price, output, entry of new firms, and quality of service in industries where monopoly appears desirable are known as
a. antitrust regulation b. economic regulation c. social regulation d. antimerger regulation e. consumer advocacy regulation