Which of the following is an example of an externality?
a. A paper mill dumps waste into the river.
b. A neighbor's loud music disrupts sleep.
c. A drunk driver causes an accident that injures another person.
d. All of the above are correct.
d
You might also like to view...
Imposing a minimum wage that is above the equilibrium wage rate results in
A) higher job search costs. B) lower unemployment. C) the labor market becoming more efficient. D) equilibrium in the labor market.
If a 5 percent increase in price results in a 3 percent increase in the quantity supplied, the elasticity of supply is
A) 0.30. B) 0.60. C) 1.20. D) 1.66.
Following the Civil War, U.S. currency included all of the following except:
a. wooden nickels. b. silver and gold specie. c. bank notes. d. greenbacks.
The monetary base is the sum of
What will be an ideal response?