Which of the following is NOT a solution to correct for negative externalities?
a. regulations
b. taxes
c. charges
d. subsidies
Ans: d. subsidies
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Which of the following are NOT true?
a. Credit cards are the same as debit cards when determining the money supply. b. Credit cards are included in M2 but not M1. c. Credit cards do not impact the demand for money. d. Credit cards are a means of payment. e. All of the above are true.
For a monopoly producing any output level greater than one, the average revenue curve:
A. lies below the demand curve. B. lies above the marginal revenue curve. C. is the same as the marginal revenue curve. D. lies above the demand curve.
Economists can illustrate an uneven distribution of income by sketching a Lorenz curve that lies above the diagonal
a. True b. False Indicate whether the statement is true or false