Positive externalities can be dealt with by _____ them
a. subsidizing
b. taxing
c. regulating
d. encouraging
a
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A nation's account with the International Monetary Fund is known as
A) a quota subscription. B) monetary deposits. C) monetary rights. D) international reserves.
The best example of a standardized good would be:
A. corn. B. a handbag. C. an autographed baseball. D. breakfast cereal
Which of the following is a good example of government's attempt to correct for macroeconomic externalities?
A. Preventing excessive amounts of pollution B. Providing for smoke-free public spaces C. Maintaining full employment D. Providing public goods
Suppose a technological improvement increases the productivity of a firm's capital and, simultaneously, its workers' union negotiates a wage increase. We can predict that:
A. the firm will use relatively more capital and relatively less labor. B. the firm will use relatively more labor and relatively less capital. C. inputs of capital and labor will be unchanged. D. the firm's equilibrium output will necessarily increase.