If your neighbors remove the weeds in their yard and this activity prevents weed seeds from blowing into your yard, the benefit you receive is a public good.
Answer the following statement true (T) or false (F)
False
If your neighbors remove the weeds in their yard and this activity prevents weed seeds from blowing into your yard, the benefit you receive is an externality.
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The above table contains information about the nation of Syldavia. There are no income taxes or imports in this nation. The marginal propensity to consume in Syldavia is equal to
A) 0.80. B) 5.00. C) 0.75. D) 0.20. E) 0.40.
In the Keynesian model the quantity of money demanded is ________ related to income and ________ related to the interest rate
A) positively; positively B) positively; negatively C) negatively; negatively D) negatively; positively
Buyers and sellers of a particular good make up the:
A. supply for the good. B. demand for the good. C. market for the good. D. production possibilities curve for the good.
If an economy is represented by a point along its production possibilities curve
A) it can produce more of one product only if it produces less of another product. B) it cannot produce more of one product unless it stops producing the other product entirely. C) it can produce more of one product even if it does not produce less of another product. D) it cannot possibly produce more of one product, even if it produces less of another product.