What does it mean for a producer to internalize an externality?
A) The producer is limiting outsourced production.
B) The producer is prohibited from producing products which generate externalities.
C) The producer must find ways to address externality problems which extend beyond geographic borders.
D) The producer is forced to factor into production costs the cost of the externalities created in their production of output.
D
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If credit card usage exhibits a sharp increase, there is
A) an upward movement along the demand for money curve. B) a rightward shift of the demand for money curve. C) a leftward shift of the demand for money curve. D) a downward movement along the demand for money curve. E) a leftward shift of the supply of money curve.
Suppose the market clearing price for apples falls from $3.00 to $2.00 per pound, and the overall market clearing output decreases from 1 million to 1/2 million pounds. How can we explain the fall in price and fall in market output?
A) Supply decreased and demand remained unchanged. B) Supply remained unchanged and demand decreased. C) Demand increased and supply remained unchanged. D) Demand remained unchanged and supply increased.
"The unemployment rate in the city of Gotham for the year 2014 is 5%.". Do you think the unemployment statistic for the city of Gotham is accurate? Explain your answer with proper reasons
One reason that companies use the foreign-exchange market is to diversify their expenses from other sources.
a. true b. false