A cost that spills over onto individuals not directly involved in an activity is called a positive externality
a. True
b. False
Indicate whether the statement is true or false
False
Economics
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Compared to the level of real GDP per person in 1870, by 2010, real GDP in the U.S was ________ times larger, while real GDP per person in Japan was ________.
A. 12; 30 times larger B. 12; smaller C. 30; 12 times larger D. 12; 12 times larger
Economics
"The unemployment rate is too high" is an example of a positive economic statement
Indicate whether the statement is true or false
Economics
What is a stock? How do stocks affect the economy?
What will be an ideal response?
Economics
When economists talk about supply, they are referring to a relationship between price received for each unit sold and the _________________.
A. demand schedule B. market price C. quantity supplied D. demand curve
Economics