OLI theory is a direct contradiction of trade theory, especially trade theory based on comparative advantage
Indicate whether the statement is true or false
FALSE
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Which of the following is an example of a negative externality?
a. Picking up your trash b. Going to class sick c. Planting pretty flowers in your yard d. Getting vaccinated e. Going to class
The face value of a bond is
A. the dollar amount that a person would receive if he or she were to sell the bond. B. the dollar amount that a person would receive if he or she were to buy the bond. C. the total value of payments that will be made over the course of the bond's life. D. the dollar amount of the bond's final payment at maturity.
Pigovian taxes are used to counterbalance:
A. negative externalities. B. network externalities. C. positive externalities. D. They could be used to counteract any of these.
Rent controls unintentionally create
A) scarcity of rental units. B) surpluses of rental units. C) shortages of rental units. D) market-clearing outcomes in the apartment rental market.