When you paint the outside of your house, you not only enjoy a private benefit for yourself, but you also provide a(n) __________________ benefit.
Fill in the blank(s) with the appropriate word(s).
external (social)
You might also like to view...
Which of the following is likely to happen if there is an increase in entrepreneurial activity in an economy?
A) The productivity of the economy will increase. B) The inflation rate in the economy will decrease. C) The exchange value of its currency in the foreign exchange market will increase. D) The income per capita of the economy will fall.
Approximately ________ people live in the United States and ________ people live in the world
A) 210 million; 5 billion B) 310 million; 7 billion C) 210 million; 6 billion D) 410 million; 8 billion E) 310 million; 3 billion
Stocks and bonds:
a. Are both components of gross private domestic investment. b. Are not a part of gross private domestic investment, because to include them would be double counting a nation's assets and liabilities. c. Are not a part of gross private domestic investment, because to include them would be double counting a nation's personal consumption and investment. d. Are not a part of gross private domestic investment, because they are a part of financial services, which are a separate component of GDP. e. None of the above.
Which of the following is an example of physical capital?
a. the strength of workers b. on the job training c. financial assets like cash and bonds d. the equipment in a factory