Externalities are benefits or damages conferred upon people who are directly involved in an exchange of a good or service
a. True
b. False
Indicate whether the statement is true or false
False
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Net exports is a positive number when a nation ________.
A. simply exports goods and services to other nations B. exports more goods and services than it imports C. exports fewer goods and services than it imports D. increases its exports of goods and services
More people started building houses in earthquake-prone regions when the government of Polonia launched an insurance program for houses in this region. This is an example of ________
A) adverse selection B) a positive externality C) moral hazard D) herd behavior
The net export component of aggregate demand is defined as U.S
a. imports minus U.S. exports. b. imports plus U.S. exports. c. exports minus U.S. imports. d. exports minus taxes and customs duties.
Using Table 6.1, from the 1982-1984 base to 2004, prices increased 
A. by 90.3 dollars per week on monthly bills. B. 90.3%. C. 190.3%. D. 90.3 times.