________ is (are) an example of selling externality rights.
A. Direct subsidies for positive externalities
B. Government imposed taxes
C. Auctioning the right have a garage sale each year
D. Having the damaged party avoid the damage
Answer: C
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All of the following are advantages of organizing a business as a sole proprietorship EXCEPT
A) ease of formation. B) limited liability. C) ease of decision-making. D) single taxation.
According to the graph shown, if this economy were open to free trade, how many units would be exported?
This graph demonstrates the domestic demand and supply for a good, as well as the world price for that good.
A. 35
B. 85
C. 120
D. 75
The North American Free Trade Agreement is likely to lead to
a. decreased employment in some U.S. industries. b. decreased employment in all U.S. industries. c. increased employment in all U.S. industries. d. no changes in U.S. employment.
A large factory pours its toxic wastewater into a nearby river, and as a result, the residents of a downstream community experience high rates of illness and birth defects. The economic problem illustrated by this example is
A. marginal thinking. B. comparative advantage. C. repealing the laws of supply and demand. D. externalities. E. productivity growth.