Dina drives to work on Interstate 294 at 90 MPH, well in excess of the 65 MPH speed limit. Sandy is behind her, going 85 MPH. A state trooper pulls Dina over and gives her a speeding ticket. Sandy continues driving. If Dina had not been speeding, the trooper would have ticketed Sandy. In terms of externalities, this story shows that
a. the 10 MPH difference defines the difference bewteen a negative and positive externality
b. Sandy enjoys a positive externality
c. Dina suffers a negative externality
d. Dina's driving habits created a negative externality for Sandy
e. Sandy's driving habits created a negative externality for Dina
B
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The most important source of funds for nonfinancial businesses is ________
A) financial intermediaries B) insurance companies C) hedge funds D) state and local governments
In the following regression equation, y is a binary variable:
y = 
0+1x1+…kxk+ u
In this case, the estimated slope coefficient,
measures _____.
A. the predicted change in the value of y when x1 increases by one unit, everything else remaining constant
B. the predicted change in the value of y when x1 decreases by one unit, everything else remaining constant
C. the predicted change in the probability of success when x1 decreases by one unit, everything else remaining constant
D. the predicted change in the probability of success when x1 increases by one unit, everything else remaining constant
In a partnership, the owners of the business and the business are ________, and in a sole proprietorship, the owner of the business and the business are ________
A) separate legal entities; also separate legal entities B) not separate legal entities; also not separate legal entities C) not separate legal entities; separate legal entities D) separate legal entities; not separate legal entities
Refer to the information provided in Figure 28.1 below to answer the question(s) that follow.
Figure 28.1Refer to Figure 28.1. At a wage rate of $9, there is a ________ of labor equal to ________ million people.
A. surplus; 120 B. surplus; 210 C. shortage; 210 D. None of the above are correct.