What good or service creates positive externalities?
a. Vaccination against measles
b. Vegan cookies
c. Organic sweaters
d. Eyesight correction surgery
a. Vaccination against measles
You might also like to view...
A market could function under competition in the situation of Figure 3.1 if demand is at the level of DD
Indicate whether the statement is true or false
The most challenging task assigned to conventional monetary and fiscal policies is
A. fighting inflationary recessions. B. fighting depressions. C. fighting runaway inflation. D. lowering our foreign trade deficit.
Why does the aggregate demand (AD) curve slope downward? What could cause the AD curve to shift to the right? What impact would a rightward shift of the AD curve have on the economy?
What will be an ideal response?
Money serves as a basic yardstick for measuring economic value (a unit of account), allowing:
A. governments to restrict the issuance of private monies. B. people to hold their wealth in a liquid form. C. easy comparison of the relative prices of goods and services. D. goods and services to be exchanged with a double coincidence of wants.