My neighbor ________ is an example of an external benefit.
A. smoking a cigarette in my presence
B. dumping hazardous chemicals on a stream that passes through my property
C. playing loud music on his radio that I can hear
D. keeping the leaves from his trees away from my yard
Answer: D
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In the figure above, what happens if the Fed increases the quantity of money by 8 percent?
A) The interest rate rises to 1.08. B) The value of money rises to 1.08. C) The value of money falls to 0.92 and there is a movement downward along the LRMD. D) The LRMD curve shifts rightward to restore equilibrium. E) The price level falls to 1.08.
The Articles of Confederation and Perpetual Union (1781) adequately addressed the free-rider problems by setting up a tax system that required all states to share the costs of providing national defense, protecting private property rights, regulating
commerce with other countries and across states and upholding a system of laws. Indicate whether the statement is true or false
Firms in a monopolistically competitive market follow the same MR = MC profit maximization rule used by firms in other market structures
a. True b. False
Private property right enforceability means that you can use the reward from your effect to?
A. Sale B. Consumers C. Investment D. Help the pue E. All