Negative externalities, such as air pollution, pose a social problem because they
a. benefit buyers but not sellers
b. are intended and are market derived
c. have a positive value for those who create them
d. have a negative value for those who create them
e. are difficult to internalize
E
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What will be an ideal response?
Of the following explanations for why crime fell from 1990 to 2014, which does the Brennan Center suggest had an impact in the 1990s, but not after?
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In Techland, from 1980 to 2010, holding technology and human capital fixed, increasing physical capital per worker from $25,000 to $100,000 would have led to a doubling of real GDP per worker, from $40,000 to $80,000. However, not only did physical capital per worker increase from $25,000 to $100,000, but technological progress shifted the productivity curve upward so that real GDP per worker actually increased from $40,000 to $320,000.Look at the scenario Technological Progress and Productivity Growth in Techland. What share of the growth rate of real GDP per capita was attributable to higher total factor productivity?
A. 2.0% B. 5% C. 8.75% D. 6.5%
What does the Consumer Price Index (CPI) measure?
A. prices of durable goods B. prices of nondurable goods C. the cost of living over time D. the cost of replacing lost items