Define negative externalize and give an example
Please provide the best answer for the statement.
When production or consumption of a commodity inflicts costs on third parties without compensation there is a negative externalize. Examples of negative externalizes of production are primarily various forms of pollution. Negative externalizes of consumption might include such things as a noisy neighbor whose habits lower neighborhood property values.
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Which of the following variables is used to determine a country's economic growth?
i. real GDP ii. wages iii. inflation A) ii and iii B) i, ii and iii C) i and ii only D) i only E) i and iii
OPEC is an example of a:
A. duopoly. B. monopoly. C. monopsony. D. cartel.
Exhibit 16-4 Aggregate demand and supply model
In Exhibit 16-4, which one of the following actions could the Fed use to shift the AD curve from AD1 to AD2?
A. raise the legal reserve requirement B. lower the discount rate C. lower the federal funds rate D. sell government securities
If getting people off welfare could be described as a carrot-and-stick approach, it would be fair to say that
A. liberals and conservatives both favor the stick. B. liberals and conservatives both favor the carrot. C. liberals favor the carrot and conservatives favor the stick. D. liberals favor the stick and conservatives favor the carrot.