According to Table 0201A, the opportunity cost of each additional computer in terms of televisions
A) remains constant.
B) falls as more computers are produced.
C ) increases as more computers are produced.
D) is meaningless because the cost of computers cannot be expressed in terms of televisions.
C ) increases as more computers are produced.
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Anjelica expects that her recent fatigue is being caused by pollution being dumped into a local stream by a factory in her community, and she wants to fix this problem
Briefly explain the transactions costs Anjelica is likely to experience in her quest to clean up the stream.
Julia is offered two options of government subsidies: $100 food stamp or $100 cash. If she receives $100 cash, she will spend $80 on food
If equivalent evaluation is measured for the situation when only $100 is available to her, the equivalent evaluation is A) greater than $100. B) equal to $100. C) less than $100. D) Not enough information.
Negative externalities, such as air pollution, pose a social problem because they
a. benefit buyers but not sellers b. are intended and are market derived c. have a positive value for those who create them d. have a negative value for those who create them e. are difficult to internalize
Which of the following will increase economic freedom?
a. subsidies and regulations that favor business b. high tariff rates c. high marginal tax rates d. protection of persons and their property from aggression