Private contracts between parties with mutual interests
a. will reduce the well-being of society.
b. will lead to market outcomes in which the public interest is sacrificed for personal gain.
c. can solve some inefficiencies associated with positive externalities.
d. will create negative externalities.
c
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If the price of a euro (the European currency) increases from $1.00 to $1.10, then, everything else held constant
A) a European vacation becomes less expensive. B) a European vacation becomes more expensive. C) the cost of a European vacation is not affected. D) foreign travel becomes impossible.
Which is not a way that students can use digital cameras for creative expression
The GDP of an economy is accurately calculated when: a. the values of both intermediate and final goods are included
b. the values of both intermediate and final goods are excluded. c. the value of intermediate goods are included, while the value of final goods are excluded. d. the value of final goods are included, while the value of intermediate goods are excluded.
In order for money to be an effective medium of exchange, it is important to have it serve as a unit of account.
Answer the following statement true (T) or false (F)