Which of the following often involves positive external benefits?
A) water pollution
B) drunken driving
C) inoculation programs
D) tobacco smoking
Answer: C
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In the equation Y = (1/1 – b + v)(a + I + G + X ? u), the term (1/1 – b + v) is referred to as the
a. level of autonomous expenditures. b. autonomous expenditure multiplier. c. balanced budget multiplier. d. tax multiplier.
Suppose the public holds $200 billion in M2 and the velocity of the M2 money supply is 5. What is the value of nominal GDP?
A) $500. B) $1,000. C) $1,500. D) That information cannot be determined.
Common property often results in
A) a negative externality. B) a social benefit. C) more efficient production of goods. D) exclusive rights of ownership.
_______________ is defined as the values and systems that guide the conscious decisions made about activities and time use
a. Time management b. Attitudinal change c. Family life management d. Corporal management