Externalities are the:
A.) Domestic economic impact of foreign events.
B.) Difference between social and private costs or benefits.
C.) Outside costs that producers absorb.
D.) Effects of government actions on the private sector.
B.) Difference between social and private costs or benefits.
Economics
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The ease with which an asset can be converted to money is its
A) liquidity. B) adaptability. C) accessibility. D) rigidity.
Economics
Real GDP is ________ determined in the classical model and ________ determined in the Keynesian model
A) supply; supply B) supply; demand C) demand; supply D) demand; demand
Economics