An example of an external cost of alcohol is
A. traffic fatalities attributable to drunk driving.
B. the cost of producing whiskey.
C. the cost to alcoholics of going to rehabilitation clinics.
D. the cost to bars of hiring janitors to clean up after their customers.
Answer: A
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Which of the following is negative for the "typical" consumer at some level of real disposable income?
A) average propensity to consume B) marginal propensity to save C) average propensity to save D) marginal propensity to consume
What is an effective counter against the argument that international trade should be restricted to protect domestic jobs?
A) A more effective policy would be to support the industry with subsidies. B) The more diversified the economy, the more stable it is. C) Free trade increases the number of jobs in which workers earn higher incomes. D) Rent seeking behavior should be encouraged. E) Free trade in "green" goods will increase jobs.
Which of the following events would shift money demand to the left?
a. an increase in the interest rate or an increase in the price level b. an increase in the interest rate, but not an increase in the price level c. an increase in the price level, but not an increase in the interest rate d. neither an increase in the interest rate nor an increase in the price level
The top ten causes of death in the United States in 2014 included all of the following but:
a. diabetes. b. heart disease. c. cancer. d. AIDS. e. suicide.