Police officers earn higher wages in part because of the dangers associated with their profession
a. True
b. False
Indicate whether the statement is true or false
True
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Internalizing an externality makes _____
a. consumers pay a price that is equal to their private willingness to pay b. producers charge a price that is equal to the marginal cost of production faced by them c. the government tax a third party who has been affected by the externality d. market participants consider the costs of or benefits to other parties while making decisions
When a firm establishes a long-term contract with another firm, whereby the first firm grants the second independent business the rights to use the former's name, reputation and business format, it is referred to as a:
A. lease contract. B. joint venture. C. franchise agreement. D. standard supply contract.
Explain how the economy moves back to full employment from recession. Be sure to detail what happens to short-run aggregate supply, unemployment, equilibrium GDP and the price level
What will be an ideal response?
The federal spending appropriation for Agriculture in the Fiscal Year 2016 was
A. $200 billion. B. $283 billion. C. $26 billion. D. $2 billion.