Traffic congestion is an example of a ________
A) positive externality
B) negative externality
C) pecuniary externality
D) free-rider problem
B
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If the Bureau of Labor Statistics considers Jessica to be a discouraged worker, then she is not counted as unemployed for purposes of computing the official unemployment rate
Indicate whether the statement is true or false
A decrease in the expected future price of a good will cause the current demand for the good to...
What will be an ideal response?
A downward-sloping portion of a long-run average total cost curve is the result of:
A. economies of scale. B. diseconomies of scale. C. diminishing returns. D. the existence of fixed resources.
The slope of the consumption schedule between two points on the schedule is
A. the ratio of the change in consumption to the change in disposable income between those two points. B. equivalent to the average propensity to consume. C. equivalent to one plus the marginal propensity to save. D. the ratio of the change in disposable income over the change in consumption between those two points.