In the situation described below, we would expect an:
It is the custom for paper mills located alongside the Layzee River to discharge waste products into the river. As a result, operators of hydroelectric power-generating plants downstream along the river find that they must clean up the river's water before it flows through their equipment.
A. Overproduction of paper in the mills
B. Underproduction of paper in the mills
C. External cost resulting from the production of hydroelectric power
D. Attainment of allocative efficiency in the market
A. Overproduction of paper in the mills
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If the interest rate is 7% and the tax rate is 15%, what is the after -tax cost of capital for the firm?
What will be an ideal response?
Economic goods are
A. abundant goods, about which we must constantly make decisions about their best use. B. all intangible items from which individuals derive satisfaction or happiness. C. goods that are scarce, for which the quantity demanded exceeds the quantity supplied at any price. D. goods that are scarce, for which the quantity demanded exceeds the quantity supplied at a zero price.
If U.S. net exports are negative,
a. U.S. consumers are spending less on foreign goods than foreign consumers are spending on U.S. goods b. U.S. consumers are spending more on foreign goods than foreign consumers are spending on U.S. goods c. the government must promote imports to balance international trade d. U.S. consumers are spending more on foreign goods than they are spending on U.S. goods e. U.S. disposable income is low
Ever since the creation of the interstate highway system, the railroads have had to compete with trucks for freight shipments. Union Pacific, the nation's largest railroad, now offers door-to-door services to clients, using their own trains and trucks. This must be the result of:
A. horizontal merger. B. vertical merger. C. conglomerate merger. D. deregulation.