Which of the following is an example of a negative externality?
a. Picking up your trash
b. Going to class sick
c. Planting pretty flowers in your yard
d. Getting vaccinated
e. Going to class
B
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Which adjustment(s) must be made to convert net domestic product to GDP?
i. add indirect taxes ii. subtract subsidies iii. add depreciation A) i, ii and iii B) i and ii C) iii only D) i and iii only E) ii only
Along a straight-line, slanted demand curve,
a. the price elasticity is constant. b. the price elasticity varies along the line. c. the price elasticity is the same as slope. d. the price elasticity cannot be measured.
Asset specificity is largest when
a. value in first best use is large b. value in second best use is large c. customers choose their supplier at random d. very valuable assets are non-redeployable e. customers are loyal to a particular seller
Corporate profits are taxed twice
a. True b. False Indicate whether the statement is true or false