Vaccinations are a ________ good that create a ________ externality.
A. private; negative
B. private; positive
C. public; positive
D. public; negative
Answer: B
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International trade decreases the demand for workers in domestic industries that
A) produce goods that are exported from the country. B) produce the goods in which the nation has a comparative advantage. C) help businesses import and export. D) produce goods that also are imported into the country. E) service imported goods.
If a firm has short-run losses, will it stay open? Under what conditions will a firm close in the short run? Explain
Which of the following is a result of monopolists producing fewer goods and selling them at a higher price than perfectly competitive firms?
a. The elimination of barriers to entry b. Losses c. Diseconomies of scale d. Positive economic profits
In the long run, a reduction in the corporate profits tax may lead to ________ prices for the products of corporations and ________ prices for the products of partnerships and proprietorships.
A. lower; lower B. higher; lower C. lower; higher D. higher; higher