Which is an example of a negative externality?
A) A tornado
B) A hurricane
C) A flood
D) All of the above.
E) None of the above.
E
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Which of the following statements best describes financial instruments?
A. Financial instruments can transfer resources between people but not risk. B. Financial instruments can transfer risk but not resources between people. C. All financial instruments are a means of payment. D. Financial instruments can transfer resources and risk between people.
Fiscal policy is enacted through changes in
A. unemployment and inflation. B. the supply of money and foreign exchange. C. taxation and government purchases. D. interest rates and the price level.
Which of the following is most likely to happen if the demand for money decreases in the domestic economy under floating exchange rates and free capital mobility?
A. The average price level in the domestic economy will decrease. B. The domestic interest rate will increase. C. Domestic borrowing will decline. D. The financial account of the country's balance of payments will deteriorate.
If real GDP in 2018 (using 2009 prices) is lower than nominal GDP of 2017, then
A) prices in 2018 are lower than prices in 2017. B) nominal GDP in 2018 equals nominal GDP in 2017. C) prices in 2018 are higher than prices in 2017. D) real GDP in 2018 is larger than real GDP in 2017.