An example of a positive externality is
a. pollution because it affects people not directly involved with producing it
b. a homeowner's maintenance of a beautiful lawn because this creates a benefit for neighbors
c. creating a monopoly
d. driving a car that emits pollution
e. cigarette smoking because this imposes an indirect cost on people around the smoker
B
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In the figure above, the shift in the supply of loanable funds curve from SLF1 to SLF2 could be the result of
A) an increase in expected rate of profit. B) a decrease in disposable income. C) an increase in expected future disposable income. D) an increase in the real interest rate. E) a decrease in wealth
Which of the following was the most important factor determining the volume of land sales in the Midwest and South during the antebellum period?
a. Immigration b. Indian resistance to settlement c. Agricultural prices d. Governmental road building
Paying into a pension fund while you are earning wages and salaries is equivalent to
a. borrowing money. b. lending money. c. withdrawing from a savings account. d. paying off debt.
The age-earnings cycle is
A) the distribution of money income by age. B) the distribution of wealth by age. C) the relationship between earnings while working and retirement benefits for an individual. D) the regular earnings profile of an individual throughout his or her lifetime.