Inoculations of children against infectious diseases are
A) an example of an external benefit.
B) an example of an external cost.
C) dangerous for society.
D) an example of a public good.
Answer: A
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The goal of equity is fundamentally a positive issue
a. True b. False
Table 35.1CountryTons of SoybeansComputerChina100300United States150750Based on the information in Table 35.1, assume China and the United States have the same amount of resources with which to produce soybeans and computers and they produce no other goods. For trade to be mutually beneficial for both countries, the terms of trade will be such that 1 computer will exchange for
A. More than 3 tons of soybeans but less than 5. B. Less than 1/5 of a ton of soybeans. C. Zero soybeans. D. More than 1/5 of a ton of soybeans but less than 1/3.
When two firms in an industry become one firm, they are engaged in:
A. a trust agreement. B. a merger. C. predatory pricing. D. None of these.
What is the difference between positive economic analysis and normative economic analysis? Give one example each of a positive and normative economic issue or question or statement
What will be an ideal response?