The text uses traffic congestion as an example of
A) a surplus of automobiles.
B) a negative externality.
C) a good priced above equilibrium.
D) an engineering rather than an economic problem.
B
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Ron decided to sell a particular stock when he found out that many other people were selling it. This is an example of ________
A) anchoring B) signaling C) sniping D) herding
In principle, a list of absolute necessities should change regularly over time
Indicate whether the statement is true or false
Why are the public sector and private sectors “imperfect institutions”?
Please provide the best answer for the statement.
A reduction in unemployment benefits will tend to cause which of the following?
A) an upward shift in the WS curve B) a downward shift in the WS curve C) an upward shift in the PS curve D) a downward shift in the PS curve E) none of the above