An individual who drives a car without a muffler in an attempt to increase fuel economy is creating
a. a positive externality
b. a public good
c. a negative externality
d. a winner's curse
e. vertical inequity
C
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Country A's income per capita is higher than that of Country B. Country A is likely to have ________
A) a higher life expectancy at birth B) a lower life expectancy at birth C) a higher exchange rate D) a higher unemployment rate
A paper mill discovers that burning old tires is a cheaper way to get power rather than using coal, and they adopt the new technology. Which of the following will likely happen in the market for paper?
A. The demand for paper will increase. B. The supply of paper will increase. C. The supplyfor paper will remain constant. D. The supply for paper will decrease.
Which of the following is an example of the Fed's use of unconventional monetary policy?
a. buying assets other than Treasury bills b. participating in rescue operations for troubled financial institutions c. lending massive amounts to banks and other financial institutions d. all of the above
Purchasing power parity exchange rates can be useful for making comparisons between countries, such as international comparisons of GDP and other economic statistics
a. True b. False Indicate whether the statement is true or false