The additional cost a firm incurs from selling an extra unit of output is

In Kansas, people who wish to hunt ring-necked pheasant are welcome to do so, but they have to hunt between certain dates, are allowed to shoot only males and can kill only four birds each day. By so doing, the state of kansas is trying to prevent the _____________.

In _______ the owner(s) of the business is (are) responsible for all the debts incurred by the business and may have to pay those debts from his/her (their) personal wealth.

In addition to economic dimensions, globalization has ____ and ____ dimensions.

An externality is a cost or benefit created by a transaction that

The economic basis for trade is

The World Trade Organization primarily creates ____ for international trade.

The _______ is (are) responsible for fiscal policy, and the ______ is (are) responsible for monetary policy.

The most important member of the Federal Reserve’s Board of Governors is the

In the circular flow model, businesses