Positive externalities include benefits received the seller but not benefits received by the buyer
a. True
b. False
Indicate whether the statement is true or false
False
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The figure above shows the U.S. supply of labor curve. What was the affect of the decline in birth rates during the 1960s and 1970s on the supply of labor curve in the 1980s?
A) a rightward shift of the supply of labor curve B) the supply of labor curve became steeper C) a movement downward along the supply of labor curve from a point such as A to a point such as B D) a leftward shift of the supply of labor curve E) None of the above answers is correct because there was no change in the supply of labor curve.
How are cap-and-trade schemes designed to reduce emissions?
What will be an ideal response?
Nonsmoking sections in restaurants are designed to
a. prevent third parties from causing a market failure b. increase demand by achieving market equilibrium c. prevent free riders from incurring a negative externality d. prevent third parties from incurring a negative externality e. achieve market equilibrium which cannot be achieved without the designated sections
If taxes are reduced, will most people save more or less than before? Does national saving rise or fall? Explain
What will be an ideal response?