Which of the following is a positive externality of consumption?
a. inoculations against a disease reduce the likelihood of transmitting it to others
b. phosphates from laundry detergents
c. litter from fast-food containers
d. ozone depletion from the production of fast-food containers
e. the greenhouse effect
A
Economics
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Table 5.3Refer to Table 5.3. A change in the price of computers caused the change in quantity demanded shown in the table. The price elasticity of demand (calculated using the initial value formula) is:
A. 4. B. 1. C. 0.25. D. 0.125.
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Figure 18.3Refer to Figure 18.3. In autarky, the maximum amount of scooters that Livonia can produce is:
A. 120. B. 100. C. 80. D. 40.
Economics
If C = $400, I = $100, G = $50, NX = $30, and NFP = $5, how much is GDP?
A) $580 B) $575 C) $585 D) $550
Economics