In recent years, the United States has been known to export more of its services abroad than it has imported due to its experienced workforce and industrialization.
<h3>
What is Export?</h3>
These are the goods and services which are sold to another country in exchange of money and its equivalents and is regarded as one of the determinants of the value of the gross domestic product of countries.
High technological advancement which led to the increase in industries etc in the United States has led to an increase in goods production which are sufficient enough to cater for the people. This is the why the excess is usually sold to other countries. The more exports a country has, the more revenue it generates to cater for other departments.
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Answer:
currect
Explanation:
because excperencing that they become used to it and though they know it is bad, they are still very much used to it.
This for us why should they give us GIFT?
The socially optimal quantity of output in this market is D. 0
Quantity Price $ per unit Private Marginal Cost External Marginal Cost
0 100 --- ---
1 90 10 30
2 80 20 30
3 70 40 30
4 60 60 30
5 50 80 30
6 40 100 30
7 30 120 30
Hence, we can see that, in the presence of an externality, the socially optimal output is determined by including the externality either by adding it with marginal cost or marginal benefit.
Therefore, from the given table above, we can see that the socially optimal quantity of output in this market is 0 because it occurs when social marginal cost is equal to the marginal revenue.
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