IRAs, and 401(k) and 403(b) plans
a. impose added taxes on those who save.
b. place no limits on the amount people can deposit into these programs.
c. impose penalties for withdrawals except under certain circumstances.
d. None of the above is correct.
c
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All of the following are examples of negative externalities except
a. getting the flu vaccine. b. smoking in a crowded bar. c. driving while intoxicated. d. littering in the park. e. pouring paint down the storm drains.
Residential construction in the form of homes and apartment buildings are classified as consumption goods
Indicate whether the statement is true or false
Chapter 7
What will be an ideal response?
You sell your good in a perfectly competitive market where the market price is $33.00. When you sell 100 units your total revenue is $3,300. When you sell 101 units:
A. total revenue increases by less than $33. B. total revenue increases by exactly $33. C. total revenue increases by more than $33. D. total revenue may increase or decrease.