Joe works for an environmental agency. Every day he chooses to fill his reusable water bottle and bring it to work instead of bringing in a plastic disposable water bottle each day. Joe most likely derives utility from:
A. the taste of water from his reusable water bottle.
B. the knowledge that he is doing something good for the environment by not using plastic water bottles.
C. the knowledge that others in his firm observe his environmentally-friendly choice of water bottle.
D. Joe likely derives utility from all three of these sources.
D. Joe likely derives utility from all three of these sources.
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Explain why the transactions costs involved with trying to acquire 100 acres of land from one landowner are probably going to be less than the transactions costs involved with trying to acquire 10 acres of land from each of 10 different landowners
What will be an ideal response?
When a negative externality is present
A) the market price is too low. B) the market price is too high. C) the market price is at equilibrium. D) none of these choices.
When the Fed purchases securities on the open market, the securities it buys are
A. common stock of United States corporations. B. corporate bonds. C. securities issued by state governments. D. securities issued by the federal government.
Which of the following expenditures would not be included in GDP?
A. Purchase of a new lawnmower. B. Purchase of a silver cup previously sold new in 1950. C. Purchase of a ticket to the latest movie. D. Purchase of a landscaping service.