An example of a beneficial externality is
A. a vaccination to prevent a communicable disease.
B. loud music from a cool house party.
C. a sandwich shop that adds a free pickle with each order.
D. a pasture that all ranchers can freely graze their cattle on.
Answer: A
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Recessions occur at regular intervals and are possible to predict with much accuracy.
a. true b. false
A reduction in regulation will shift the aggregate:
A. supply curve leftward. B. supply curve rightward. C. demand curve leftward. D. demand curve rightward.
Why are transfer payments included in personal income but not in national income? Are transfer payments included in GDP?
Some of the promising approaches to reducing the natural rate of unemployment have to do with education, training, and job placement. What implementation problems do you anticipate?
What will be an ideal response?