The jet noise assaulting the ears of a baggage handler is not an externality or spillover cost if
A) baggage handlers are required by law to wear hearing protectors.
B) baggage handlers are required by their employers to wear hearing protectors.
C) baggage handlers freely choose to wear hearing protectors.
D) baggage handlers find the pay sufficiently attractive to stay with their jobs.
E) the noise does no permanent damage to their hearing.
D
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The presence of navigable rivers and fertile soil is seen as a source of economic prosperity under the:
A) location hypothesis. B) geography hypothesis. C) culture hypothesis. D) institutions hypothesis.
U.S. government policy to stimulate research and development activities would be most likely to succeed if it involved
a. interest rate policy. b. corporate tax policy. c. personal income tax policy. d. payroll tax policy.
Deterrence quantity equals zero profit quantity less minimum entry quantity.
Answer the following statement true (T) or false (F)
A change in the cost of production will generally prompt a change in __________.
Fill in the blank(s) with the appropriate word(s).