When someone contracts to do a task but fails to put full effort into the performance of an agreement, yet the lack of effort is not independently verifiable, this lack of effort constitutes a
a. breach of contractual obligations
b. denial of good guarantee
c. loss of reputation
d. moral hazard
d
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An example of an activity that is likely to generate benefit (positive) externality is
A) a well manicured lawn of your neighbor. B) growing wild flowers on city street islands. C) fireworks on the 4th of July. D) an educated workforce. E) All of the above
The EPA issues permits to every stationary source of pollution in the United States
Indicate whether the statement is true or false
Which of the following serve as the language of the market system?
a. Monetary and fiscal policies b. Volatility c. Market prices d. Lawsuits
What do economists mean when they state that investment is spending on “goods for the future”?
Please provide the best answer for the statement.