Which of the following would not be a negative production externality associated with tire production?
a. smoke from the tire factory worsens the city's air quality
b. toxins from the tire-making process seep into the area's ground water
c. neighbors experience the bad smells that come from the tire factory
d. the rubber used to make tires could be used to make something else
e. all of these are negative production externalities
d. the rubber used to make tires could be used to make something else
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To achieve long-run equilibrium in an economy with a recessionary gap, without the use of stabilization policy, the inflation rate must:
A. not change. B. increase. C. decrease. D. either increase or decrease depending on the relative shifts of AD and AS.
The demand for loanable funds curve illustrates
A) the quantity of loanable funds demanded at any given level of disposable income. B) how the quantity of loanable funds demanded changes when the people's expectations about their future income changes. C) how the quantity of loanable funds demanded changes when wealth changes. D) the quantity of loanable funds demanded at any given level of the real interest rate. E) the quantity of loanable funds supplied to the loanable funds market at any given level of disposable income.
Under price discrimination, a monopolist equates the marginal cost with the average revenues in different markets
a. True b. False Indicate whether the statement is true or false
The behavior of the monopolistic firm
A. maximizes the benefits to consumers, given the resources available to the economy. B. increases output in order to raise prices in the short term. C. results in excess capacity and inefficiency. D. results in entry into the market by other firms.