The net increase to total surplus when a positive externality is corrected is due to:
A. the transfer of surplus from those affected by the externality to the consumer.
B. the increased number of units bought and sold in the market.
C. the transfer of surplus from the consumer to those affected by the externality.
D. None of these statements is true.
B. the increased number of units bought and sold in the market.
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If the economy is not fully using its inputs, pumping money into the economy will put ________ pressure on interest rates and will tend to ________ output
A) upward; increase B) upward; decrease C) downward; increase D) downward; decrease
The income distribution in the United States is
A) positively skewed. B) negatively skewed. C) bell-shaped D) uniform.
Periodic payments of net earnings to shareholders are known as
A) capital gains. B) dividends. C) profits. D) interest.
Refer to the information provided in Table 2.2 below to answer the following question(s).Table 2.2?MollyPeteAvatar Design68Tattoo Design32Refer to Table 2.2. For Molly, the opportunity cost of designing one tattoo is
A. 1/2 of an avatar design. B. 1 avatar design. C. 2 avatar designs. D. 3 avatar designs.