Negative externalities:
a. are found only in large cities.
b. occur whenever individual health is harmed in the production process.
c. impose most of their costs directly on consumers of polluting processes.
d. impose most of their costs on individuals other than consumers of the polluting product.
d
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The Firefox, Safari, and Opera browsers are an example of ________
A) products produced in monopoly industries B) products produced in perfectly competitive industries C) product differentiation D) homogeneous products
Liquidity preference theory indicates that at lower interest rates
A) investment is greater. B) money demand is greater. C) consumption is greater. D) money supply is greater.
With increased specialization in the economy, principal-agent problems become
a. more numerous b. less numerous c. more severe, but there are fewer of them d. less severe, but there are more of them e. easier to solve
In the long run, when an increase in the quantity of output decreases average total cost, this is called:
A. constant economies to scale. B. diseconomies of scale. C. minimum average total cost. D. economies of scale.