In a given year, if U. S. exports total $2.5 billion and U. S. imports total $3.5 billion, what is the balance of trade on goods for that year

What is the relationship between marginal external cost, marginal social cost, and marginal private cost? a. marginal social cost equals marginal private cost plus marginal external cost. b. marginal private cost plus marginal social cost equals marginal external cost. c. marginal social cost plus marginal external cost equals marginal private cost. d. marginal external cost equals marginal private cost minus marginal social cost. marginal external cost a. is expressed in dollars, so it is not an opportunity cost b. is an opportunity cost borne by someone other than the producer c. is equal to two times the marginal private cost d. is a convenient economics concept that is not real

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Later movers do not face: entrenched competitors. reduced uncertainty over technologies. high growth markets. lower market uncertainty.