Josiah installed a metal sculpture in his front yard. A negative externality arises if the sculpture
a. increases the value of other properties in the neighborhood.
b. decreases the value of Josiah's home
c. is visually appealing to Josiah's neighbors.
d. creates a safety hazard for neighborhood children.
d
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The Dutch Disease refers to a deadly outbreak of influenza that destroyed all international trade for the Netherlands in the 1960s
Indicate whether the statement is true or false
If the price elasticity of supply is 2 and the quantity supplied decreases by 6%, then the price must have decreased by 3%
a. True b. False Indicate whether the statement is true or false
A perpetuity is
a. a financial intermediary that has existed throughout recorded history. b. an instrument of equity finance. c. a stock that pays dividends forever. d. a bond that pays interest forever.
Which of the following is not a macroeconomic issue?
a) Unemployment b) Inflation c) The wages paid to footballers d) Economic growth