When a person drives an automobile, that individual is creating
A) internal costs only.
B) private costs only because the individual pays for the insurance, gas etc.
C) external costs only.
D) social costs.
D
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Over the past 40 years, which of the following has the U.S. economy experienced?
A) persistent inflation B) persistent deflation C) secular deflation D) hyperinflation with prices rising at over 100 percent per year
If intended investment is $500 billion, and actual investment is $620 billion, then we know that
a. consumption is $620 billion b. unwanted inventory is $620 billion c. consumption is $120 billion d. unwanted inventory is $120 billion e. saving is $500 billion
Why do the United States and the European Union governments apply tariffs to solar panel imports, even though solar panels generate positive consumption externalities?
a. They believe that imported solar panels' negative consumption externalities outweigh their positive consumption externalities. b. They believe that domestic production of solar panels generates negative production externalities that outweigh the positive consumption externalities from imports. c. They believe that domestic production of solar panels generates positive production externalities that outweigh the positive consumption externalities of imports. d. They believe that imported solar panels negative production externalities outweigh their positive consumption externalities.
The No Child Left Behind Act of 2001 was a federal mandate which is estimated to cost the states and local governments in excess of _________ a year.
What will be an ideal response?