Stephanie listens to punk rock because her friends do. This is
A) a positive sum game.
B) collusion.
C) positive market feedback.
D) negative market feedback.
C
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Considering the concept of cross-price elasticity, if two goods are substitutes:
A. an increase in the price of one causes a decrease in the demand for the other. B. a decrease in the price of one causes an increase in the demand of the other. C. an increase in the price of one causes an increase in the demand for the other. D. the cross-price elasticity is negative.
Which of the following responses to a positive externality enhances society's welfare?
a. taxes b. subsidies c. effluent fees d. quotas e. a cut in funding
Refer to the following figure.
Geri likes avocados; each additional avocado she consumes adds as much to her total utility as did the previous one. Which of the four graphs best represents Geri's marginal utility curve for avocados?
A. A B. B C. C D. D
(Consider This) When making a capital stock and reservoir analogy, the:
A. outflow below the dam is the stock of capital. B. inflow from the river is gross investment. C. level of water in the reservoir is depreciation. D. level of water in the reservoir is net investment.