Which of the following activities can create a beneficial externality?
a. Parking cars on the road in front of your house.
b. Encouraging children to play on the field opposite a hospital.
c. Planting colorful flowers in your garden.
d. Practicing and playing drums in the morning hours.
C
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Do rent ceilings result in any deadweight loss?
What will be an ideal response?
According to the World Bank, roughly 800 million people are classified as being in ________ poverty.
A. extreme B. subsistence C. tremendous D. severe
Purchases of foreign assets by U.S. residents are tabulated in the U.S. balance of payments as a:
A. capital inflow. B. capital outflow. C. current account outflow. D. unilateral transfer.
If you considered steak and lobster to be perfect substitutes for each other, your indifference curves between them would be L-shaped
Indicate whether the statement is true or false