3068EconomicsMedium
The external benefits of using cars are ____ and the external costs are ________?
Ahigh; high
Blow; high
Chigh; low
Dlow; low
Correct answer
B. low; high
Explanation
The correct answer is low; high.
Correct answer
B. low; high
Explanation
The correct answer is low; high.
When free trade areas are set up the member countries trade with each other grows faster than their trade with other countries This is due to what economist call?
The free market involves?
in long-run equilibrium in a competitive market, firms are operating at?
If Canada runs a balance of payments surplus and exchange rates are floating?
Because people’s income vary other the life cycle and because there are transitory shocks to people’s incomes the standard measures of income distribution?
Which of the following was a socialist country?