Externalities are

a. side effects passed on to a party other than the buyers and sellers in the market.
b. side effects of government intervention in markets.
c. external forces that cause the price of a good to be higher than it otherwise would be.
d. external forces that help establish equilibrium price.


a

Economics

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The recession of 2007-2009 made many consumers pessimistic about their future incomes. How does this increased pessimism affect the aggregate demand curve?

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If the saving rate increases, break-even investment will be ________ than investment, and GDP per worker will ________

A) greater; increases B) greater; decreases C) less; increases D) less; decreases

Economics

The game in the figure shown is a version of:

A. the prisoner's dilemma. B. a sequential game. C. a repeated game. D. the first-mover advantage.

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If your taxable income was $40,000 and you paid $3,000 in federal income tax, what was your average tax rate?

Fill in the blank(s) with the appropriate word(s).

Economics