A positive externality is:
A. an external cost that affects the buyer.
B. a benefit that affects the buyer, not the seller.
C. an external cost that affects the seller.
D. an external benefit.
Answer: D
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If the unemployment rate increases from 10% to 14%, the economy will
A. move away from the ppf toward the origin. B. remain on the origin. C. move closer to a point on the ppf. D. remain on the ppf.
The above figure shows the market for laptops. Which of the following shifts the supply curve from S0 to S2?
A) an increase in the cost of hard drives B) an increase in the productivity of the workers manufacturing laptops C) a decrease in the price of laptops D) an increase in the price of laptops E) a decrease in the number of laptop manufactures and sellers
What is the price level?
What will be an ideal response?
The concept of equity would explain the redistribution from the rich to the poor which is achieved from a tax system that requires taxes to
A. fall when income rises. B. remain stable when income rises. C. rise when income rises. D. be unrelated to income.