Pollution
A) creates a negative externality.
B) is increased when property rights are defined.
C) is the result of capitalism.
D) exists because air and water are privately owned resources.
A
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If asset markets are driven by the "animal spirits" of investors, then
a. those markets reflect rational behavior. b. those markets reflect irrational behavior. c. the efficient markets hypothesis is correct. d. the stock market exhibits informational efficiency.
The country is experiencing rapid inflation. What could the Fed do reduce the money supply and slow inflation?
a. buy government bonds b. lower the reserve ratio c. sell government bonds d. lower the discount rate
Which of the following people is would be considered a new entrant according to the Bureau of Labor Statistics?
a. a 35-year-old mother of two who will be taking a part-time job at the government agency she worked for before she started her family b. a 67-year-old retiree who decides to begin volunteering at a homeless shelter several days a week c. a 43-year-old who decides to quit his career as a financial analyst to become a yoga instructor d. a 21-year-old who just graduated from college and is looking for a part-time clerical job because he has no work experience
When the total external and internal costs of a transaction are taken into consideration, this is known as
A. public costs. B. social costs. C. average total costs. D. marginal costs.