The externality associated with technology spillovers
a. cannot be internalized by government.
b. is a negative externality.
c. can be internalized, potentially, through taxation of firms that are responsible for technology spillovers.
d. can be internalized, potentially, through patent protection.
d
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Suppose Stan Musial earned $115,000 in 1947 . If the CPI was 82 in 1947, and was 246 in 1990, what is Stan Musial's 1947 salary in 1990 dollars?
In some areas, local appraisers have formed ________________________.
Fill in the blank(s) with the appropriate word(s).
In insurance markets, moral hazard occurs when the behavior of
A) the insured person changes in a way that raises costs for the insurer, since the insured person no longer bears the full costs of that behavior. B) the insurer changes in a way that raises costs for the insured person, since the insurer no longer bears the full costs of that behavior. C) the insured person changes in a way that eliminates rising health care costs for the insurer, since the insured person no longer bears the full costs of that behavior. D) the insured person has an incentive to under consume medical services, simply because the insured person no longer bears the full cost of medical services.
Refer to the information provided in Figure 4.1 below to answer the question(s) that follow.
Figure 4.1Refer to Figure 4.1. Assume that initially there is free trade. If the United States then imposes a 10-cent tax per apple,
A. U.S. imports of apples will increase by 6 million per day. B. the quantity of apples demanded will be reduced by 4 million apples per day. C. the price of apples in the United States will increase to 40 cents per apple. D. the quantity of apples supplied by U.S. firms will increase by 6 million apples per day.