If companies who took into account an externality want to supply more at any given price compared to the original supply, they must have addressed a:
A. positive externality.
B. negative externality.
C. network externality.
D. social externality.
A. positive externality.
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How are depletion and pollution mirror images of the same problem?
What will be an ideal response?
If the simultaneous game is instead changed into a sequential game where the shoplifter can see whether the security guard is vigilant or not before deciding to steal. What is the Nash equilibrium of the game?
a. Steal, Vigilant b. Steal, Not vigilant c. Not steal, Vigilant d. Not steal, Not vigilant
Briefly discuss Section 301 of the Trade Act of 1974, along with its use in 2017-2018.
What will be an ideal response?
A government report that makes working in a particular industry less attractive to workers will most likely ________ the number of workers hired in that industry, and ________ the wage paid to those workers.
A. increase; increase B. increase; decrease C. decrease; increase D. decrease; decrease