Refer to Table 9-11. With trade, what is the total gain in clock production?
A) 150 B) 300 C) 2,100 D) 2,250
A
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User reviews of products on store websites that reassure buyers of the quality is an example of:
A. building a reputation. B. statistical discrimination. C. screening. D. None of these statements is true.
Without government intervention, society is likely to get too little production of: i. private goods that generate external costs ii. private goods that generate external benefits iii. public goods
a. (i) only b. (ii) only c. (iii) only d. both (ii) and (iii)
The quantity demanded of Pepsi has decreased. The best explanation for this is that
A. the price of Pepsi has increased. B. the price of Coca-Cola has increased. C. Pepsi consumers had an increase in income. D. Pepsi's advertising is not as effective as in the past.
Refer to the information provided in Figure 16.2 below to answer the question(s) that follow.
Figure 16.2Refer to Figure 16.2. What is the total damage imposed as a result of producing the market (unregulated) level of cars?
A. $250 B. $350 C. $500 D. $700