A new Mexican restaurant opens in the city of Manchester. The other restaurant owners are not happy about this new restaurant because they are experiencing what externality?
business-stealing externality
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The value of money changes over time because:
A. the government collects taxes. B. there is an opportunity cost of waiting for money in the future. C. people prefer to save money rather than spend it immediately. D. none of the reasons listed here cause the value of money to change over time.
A pollution tax encourages firms to develop more efficient abatement technology.
A pollution tax encourages firms to develop more efficient abatement technology.
What might be the short run impact of a completely open immigration policy that allowed labor to move freely across the U.S. border?
A. A decrease in real GDP growth caused by an increase in the labor force B. An increase in real GDP growth caused by an increase in the labor force C. An increase in real GDP growth caused by an increase in demand for public goods D. A decrease in real GDP growth caused by an increase in demand for public goods
Efficiency is achieved
A) when output is being produced at a point inside a production possibilities curve. B) when producers are getting the maximum possible output from the available resources. C) when consumers are able to buy everything that they want. D) when prices of all goods and services go to zero.