Which of the following is an example of a positive externality?
A) a neighbor's flower garden that you enjoy seeing
B) traffic congestion
C) an increased supply of chocolate lowers chocolate prices for all consumers
D) pollution
Answer: A
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As the U.S. exchange rate ________, the price of U.S. imports increases and the quantity supplied of dollars ________
A) falls; does not change B) falls; decreases C) rises; increases D) rises; decreases E) falls; increases
The net national savings rate for the United States, compared with that of other industrial nations is
A. much higher. B. a little higher. C. lower.
What is the percentage of income received by the upper quintile on line Y?
Refer to the information provided in Figure 2.5 below to answer the question(s) that follow.
Figure 2.5Refer to Figure 2.5. For this economy to move from Point C to Point B, ________ additional LCD TVs could be produced when the production of OLED TVs is reduced by 20.
A. exactly 30 B. exactly 60 C. fewer than 30 D. more than 30