Which of the following is probably producing positive externalities?
A) A citizen who becomes well-informed about community issues
B) A homeowner who maintains a beautiful lawn
C) A person with an engaging smile
D) All of the above.
E) None of the above.
D
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The table above shows the total product schedule for Rick's Lawn Service, a yard care company. When the ________ worker is hired, the average product of labor ________ the marginal product of labor
A) 4th; exceeds B) 5th; exceeds C) 6th; exceeds D) 7th; is less than E) 7th; equals
Refer to the figure above. If Barylia does not engage in international trade, what is the production of calculators in the country?
A) 10 units B) 20 units C) 40 units D) 60 units
The Latin expression Ceteris paribus means:
a. everything else being equal. b. economic model. c. economists are partly right. d. partial scarcity is certain.
Consumption, saving, and wealth all represent stock concepts because they are measured over a period of time
a. True b. False Indicate whether the statement is true or false