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Question
Costs that are borne solely by the individuals who incur them are called
A) private costs.
B) public costs.
C) social costs.
D) external costs.
Answer
This answer is hidden. It contains 1 characters.
Related questions
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Markets tend to underallocate resources to the production of a good whenA) there are negative externalities. B) there are positive externalities. C) there are public goods produced. D) equilibrium occurs.
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Which of the following statements is FALSE?
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The United Statesʹ balance of payments is likely to improve whenA) there is an increase in political instability in other countries.B) the inflation rate in the United States rises relative to other countries.C) the American government increases its spending on foreign aid. D) American people want to invest more in foreign countries.