Indifference curves can never cross on a preference map.
Answer the following statement true (T) or false (F)
True
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Beth has moved into a new house. Most people living in her neighborhood go for a jog early in the morning. Although Beth had always been a late riser, she too started getting up early for a jog after moving into her new house
This is an example of a(n) ________. A) moral hazard B) adverse selection C) peer effect D) negative externality
In summarizing the research on the externalities associated with driving cars, a 2007 Journal of Economic Literature article concluded that the optimal corrective tax on gasoline in the United States, in 2015 dollars, would be about
a. $0.50 per gallon. b. $0.90 per gallon. c. $2.58 per gallon. d. $2.78 per gallon.
An example of human capital would be
A. A carpenter's saw. B. Carpentry skills. C. A computer. D. All of the choices are correct.
Last year in the country of Nerf imports equaled exports. Nerf's GDP was $500 million, its consumer expenditure was $380 million, and its investment was $20 million. Nerf's government expenditure on goods and services were ________
A) $100 million B) $900 million C) $500 million D) zero