A situation in where the costs of an action are NOT fully borne by the two parties engaged in exchange is
A. internal costs.
B. an internality.
C. a transactions cost.
D. an externality.
Answer: D
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The willingness to pay of buyers' in a market:
A. is represented by the demand curve. B. is represented by the supply curve. C. explains why the demand curve is bowed-out. D. explains why the demand curve is bowed-in.
All of the following will shift the demand curve for capital, except:
a. future expectations about the demand for the good produced by a firm. b. technological changes. c. the price of capital. d. the entry of new firms into the market. e. the change in the interest rate.
Which of the following is correct? Using data from 2014,
a. immigrants (both legal and illegal) make up about 40 percent of the U.S. population. b. low-skilled immigration lowers the earnings of all workers in the United States by about 15 percent. c. illegal immigrants make up about 20 percent of the U.S. workforce. d. over 80 percent of immigrants are from Latin America and Asia.
An increase in government expenditure shifts the ________
A) labor demand curve to the left B) labor supply curve to the left C) labor demand curve to the right D) labor supply curve to the right