The optimal quantity of a negative externality is zero if:
A. it is costly for people to negotiate with each other.
B. it imposes a high enough cost on society.
C. the marginal cost of reducing the externality is zero.
D. the majority of voters decide to eliminate the externality.
Answer: C
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Unlike the New York Stock Exchange, NASDAQ is an electronic stock market with trades executed through a sophisticated computer and telecommunications network.
Answer the following statement true (T) or false (F)
Discuss how a single bank creates money. What is the limit to which a single bank can add to the money supply? By how much can an entire banking system add to the money supply?
Cashing out capital gains in Virtual Currency System #3 (i.e., turning virtual capital gains into real world currencies) causes the nation's:
a. Monetary base to rise. b. M2 money supply to fall. c. M2 money multiplier to fall. d. Monetary base to remain the same.
Which of the following statements is true concerning the trend in hospital care between inpatient and outpatient services since the mid-1980s?
a. Both have been declining. b. Outpatient services have been growing while inpatient services have been declining. c. Outpatient services have been declining while inpatient services have been growing. d. Both have been growing. e. There has been no noticeable trend in either inpatient or outpatient services.