A negative externality can be internalized by
A. persuasion.
B. the imposition of a tax.
C. the assignment of property rights.
D. a voluntary agreement.
E. all of the above
Answer: E
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The law of demand for dollars in the foreign exchange market means that the
A) lower the exchange rate, the greater the quantity of dollars demanded. B) higher the exchange rate, the smaller the quantity of dollars demanded. C) lower the exchange rate, the smaller the quantity of U.S. exports demanded. D) Both answers A and B are correct.
"As the quantity of labor hired increases, the value of marginal product stays constant as long as the wage rate is constant for all workers." Is the previous statement correct or incorrect? Explain your answer
What will be an ideal response?
If the price of roses decreases, the supply of roses will also decrease. This statement is an example of a(n) ______.
a. fallacy b. hypothesis c. aggregate d. ceteris paribus
A new domestic industry with a potential for economies of scale is a(n):
A) agglomeration industry. B) infant industry. C) monopsonistic industry. D) competitive industry.