If a market is subject to a positive externality,
A) the demand curve reflecting social benefit will be to the right of the demand curve representing private benefit.
B) there is only one demand curve.
C) the demand curve reflecting social benefit will be to the left of the demand curve representing private benefit.
D) private benefit will exceed social benefit.
B
You might also like to view...
What happens if the Brazilian real appreciates relative to the U.S. dollar?
A) Brazilians will buy fewer U.S. goods, which generates an increase in the quantity supplied of dollars. B) The quantity demanded of reals increases as U.S. residents want to buy more Brazilian products. C) The quantity of reals supplied increases because the lower price (in reals) for U.S. goods induces Brazilians to buy more U.S. products. D) The U.S. Federal Reserve Bank increases the supply of dollars to the world economy.
A bank has $390 million in assets and $330 million in liabilities. The bank's net worth is _____________ million and its leverage ratio is __________________
A) $360; 1.08 to 1 B) $60; 0.15 to 1 C) $40; 3.75 to 1 D) $60; 6.5 to 1
A principle is a self-evident truth that most people readily understand and accept.
Answer the following statement true (T) or false (F)
Economist Robert Fogel has estimated that by the year 2040, individuals in the United States will be spending
A) more time in the workforce and more time in leisure activities than they do today. B) less time in the workforce and less time in leisure activities than they do today. C) less time in the workforce and more time in leisure activities than they do today. D) more time in the workforce and less time in leisure activities than they do today.