Which of the following is NOT an example of a negative externality?
a. air pollution from a manufacturing plant.
b. disrupted sleep from a neighbor's loud music.
c. an illness caused by secondhand cigarette smoke.
d. a decrease in your property value from neglecting your lawn and garden.
d
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When we hear on the news, "The Fed has increased interest rates today," the Fed has most likely
A) raised the required reserve ratio. B) sold government bonds. C) lowered the discount rate. D) bought government bonds.
A monopolist may make a profit
A. only in the short run. B. only in the long run. C. in both the short and long run. D. in neither the short nor long run.
Kuan-yin is using anchoring to try to improve sales at her doughnut shop. Which of the following advertisements uses anchoring in an effective way?
a. “Cake doughnuts are $3 each, or buy two for $5.” b. “Mix and match Long Johns and crullers, all for $2 each.” c. “Cronuts are just $4—the only ones you’ll find in town!” d. “Nobody sells glazed doughnuts for less. Just $1.50!”
The data points on a supply curve come from
A. the same place from which we get the data points on a demand curve. B. the supply schedule. C. companies' annual reports. D. survey analysis.