Bobby's neighbor is growing a tree that is blocking Bobby's ocean view. Bobby is considering taking his neighbor to court. This is most likely an example of a:
a. considerate neighbor.
b. public good.
c. free rider.
d. positive externality.
e. negative externality.
e
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"If the marginal social benefit of a car exceeds the marginal social cost of a car, we are producing too many cars." True or false? Explain
Indicate whether the statement is true or false
The net capital outflow is the net flow of:
A. capital goods owned outside a country. B. funds invested outside of a country. C. capital goods owned within a country. D. funds invested within a country.
Which of the following pair of terms is similar?
A) Overhead and direct cost. B) Direct cost and fixed cost. C) Overhead and fixed cost. D) Overhead and variable cost.
Indifference curves further from the origin imply:
A. a lower level of satisfaction. B. the same level of satisfaction as any other curve. C. a higher level of satisfaction. D. None of the statements is correct.