If the production of ukuleles creates a negative externality that is NOT corrected for by the government, the equilibrium quantity of ukuleles is
A) higher than optimal.
B) lower than optimal.
C) efficient.
D) at a optimal level.
Answer: A
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A society that relies on a market-based economy will always protect the natural environment.
Answer the following statement true (T) or false (F)
Which of the following statements is based on positive analysis?
a. Everyone should have the same access to medical care services regardless of the ability to pay for it. b. Pharmaceutical prices ought to be lower. c. Universal insurance coverage should be the goal of every country. d. Employers should be required to provide health insurance for all full-time workers and their dependents. e. High health care prices are one of the primary reasons that the U.S. spends more on medical care than other countries
As the housing bubble collapsed, the cycle of defaults and falling prices began that would ultimately cause home values to:
A. stop rising, practically halting the mortgage loan industry for a number of years. B. fall by more than 90 percent in the hardest-hit areas. C. fall by more than 50 percent in the hardest-hit areas. D. fall by about 25 percent in the hardest-hit areas.
The unemployment rate and the level of aggregate output are negatively related.
Answer the following statement true (T) or false (F)