The concept of "externalities" means
What will be an ideal response?
the consequences of actions, whether harmful or beneficial, that are not taken into account by the actor in making decisions.
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Define price discrimination. What factors must be present in order for a monopolist to price discriminate? Why do firms price discriminate?
What will be an ideal response?
Engineering, sales, maintenance are examples of ___________
A. occupations B. job families C. job dimensions D. job groups
When the SRAS curve slopes upward, the actual affect of an increase in real autonomous spending on equilibrium real GDP is smaller than predicted by the multiplier because
A. the price level falls. B. real GDP decreases. C. the price level rises D. real GDP increases.
Which of the following would increase the government purchases component of U.S. GDP?
A. The U.S. federal government pays $3 billion in pensions to government workers. B. The U.S. federal government pays $3 billion in interest to foreign holders of U.S. government bonds. C. The U.S. federal government pays $3 billion in interest on the national debt. D. The U.S. federal government pays $3 billion in salaries to soldiers in the military.