The inclusion of external costs in the decision making process determining equilibrium price and quantity leads to
A) lower priced items and increased quantity.
B) lower priced items and a decline in quantity.
C) higher priced items and increased quantity.
D) higher priced items and a decline in quantity.
D
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Refer to Figure 18.1. The opportunity cost of hang gliders in the United States is
A) 1/4 of a bicycle. B) 1/3 of a bicycle. C) 3 bicycles. D) 4 bicycles.
Monetary policy showed to be impotent in which of the following historical episodes
A) Japan since 1992 B) U.S. since 1941 C) China between 1980 and 1987 D) U.S. between 1975 and 1982
Finance companies ________
A) acquire access to funds by accepting deposits then using these monies to lend to households and firms B) raise funds by selling commercial paper then lend these funds to consumers C) acquire access to monies through the payment of premiums by employees D) are a special type of mutual fund
Brokerage houses may differ in the
a. fees they charge. b. services they provide. c. stock exchanges on which they hold seats. d. All of the above are correct.