An efficient outcome can always be reached by requiring the individual who produces the externality to fully compensate individuals for any damage inflicted.
Answer the following statement true (T) or false (F)
False
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When the Fed buys government securities, ________ and the money supply ________
A) e rises, falls B) e falls, rises C) c rises, falls D) c falls, rises E) H rises, rises
Suppose it takes Paul 3 hours to bake a cake and 2 hours to mow the lawn, and suppose it takes Tom 2 hours to bake a cake and 1 hour to mow the lawn. Which of the following statements is correct?
A. Paul has the comparative advantage in mowing the lawn. B. Paul has the absolute advantage in mowing the lawn. C. Paul has the comparative advantage in baking cakes. D. Paul has the absolute advantage in baking cakes.
The type of customization when source code is changed is referred to as a _______
a. Enhancement b. Augmentation c. Modification d. Adaptation
The making and selling of a pencil for ten cents would likely NOT be possible, but for
A. the production possibilities curve. B. the division of labor. C. absolute advantage. D. relative advantage.