When a negative externality exists, the private cost of production ________ the social cost of production
A) is greater than
B) is less than
C) eliminates
D) is equal to
B
Economics
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Which of the following would be an example or result of expansionary fiscal policy in action?
a. an increase in taxation b. a decrease in government purchases c. a budget deficit d. a budget surplus
Economics
There is no such thing as a free lunch." This is an example of which economic concept?
A. Maximization B. Trade-offs C. Basic necessities D. Income effect
Economics