Hyperinflation in Developing Countries Is Typically the Result Of

question 20

Multiple Choice

Hyperinflation in developing countries is typically the result of:

• A)low interest rates.
• B)an economic recession.
• C)high income tax rates.
• D)large government fiscal deficits.
• E)large trade deficits.

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Definitions:

Marginal Social Benefit

The extra advantage to the community when one additional unit of a product or service is made.

Negative Externalities

External costs.

Marginal Social Cost

Marginal social cost is the total cost society bears for the production of an additional unit of a good or service, considering both private costs and any external costs.

Species Extinction

The permanent disappearance of a species from Earth.