Governments often ________ activities that generate external ________.
A. subsidize; costs
B. tax; benefits
C. simultaneously tax and subsidize; costs
D. subsidize; benefits
Answer: D
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A demand schedule is a table showing how the ____ of some product during a specified period of time changes as ____ changes, holding all other determinants of quantity demanded constant.
A. demand; the price of its complement B. demand; the quantity supplied C. quantity demanded; the price of its substitute D. quantity demanded; the price of that product
"Scarcity implies that some way of rationing goods must be found." Explain what this statement means. How is this rationing done?
What will be an ideal response?
Pollution is an example of a source of a market failure.
Answer the following statement true (T) or false (F)
A multinational organization that aims to promote world economic growth through more financial stability is the
A. World Bank. B. International Monetary Fund. C. International World Fund. D. Federal Reserve System.