Negative externalities resulting from a coal-fired power plant would include
A. reduction of crime rates and accidents as a result of better lighting of streets.
B. emissions of sulfur dioxide, a chemical that causes acid rain.
C. profits to people other than the consumers of the electricity.
D. creation of lower-cost electricity, which reduces profit.
Answer: B
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A central bank's attempt to prevent an appreciation of its currency can stimulate domestic inflation if the ________ of its currency leads to ________ international reserves which ________ the monetary base
A) purchase; higher; increases B) purchase; lower; decreases C) sale; lower; decreases D) sale; higher; increases
An investment in yourself is an investment in what economists call human capital.
Answer the following statement true (T) or false (F)
If the demand for baseballs increases, then as a result, it is highly likely that the demand for:
A. leather will increase. B. bats will decrease. C. soccer balls will rise. D. tennis balls will increase.
Exhibit 5-1 Demand curve
?
In Exhibit 5-1, between points b and c, the price elasticity of demand measures
A. 0.425. B. 1.571. C. 0.143 D. 0.636.