The primary source of funds for the World Bank is
A) the world's wealthiest countries. B) the New York Stock Exchange.
C) private financial markets. D) quota subscriptions.
A
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John believes that when the price of a good increases people will purchase more of the good. This statement is
A) consistent with the law of demand. B) inconsistent with the law of demand. C) referring to money prices. D) consistent with the law of supply.
Suppose a farmer in Nebraska incurs $8,700 in crop damage from sparks that are created when a local railroad company sends trains along tracks bordering the farm. This damage can be best described as a:
a. negative externality. b. positive externality. c. transaction cost. d. social benefit.
Economist Jones defines an increase in supply as a decrease in the prices needed to ensure various amounts of a good being offered for sale. Economist Brown defines an increase in supply as an increase in the amounts that producers will offer at various
possible prices. Economist Cole defines an increase in supply as an increase in the amount firms will offer in the market which is caused by an increase in the price of the product. Which, if any, of these is defining an increase in supply correctly? Please provide the best answer for the statement.
All of the following lead to a difference in income EXCEPT
A. the age-earnings cycle. B. sales tax. C. marginal productivity. D. discrimination.