Your new neighbor does not mow his lawn or prune the trees in his front yard. As a result, your house value decreases. Your neighbor generated
A) a negative externality.
B) a positive externality.
C) no externality.
D) a non-rival good.
A
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Which of the following would be likely to shift a nation's production possibilities curve outward?
a. a decrease in the production of capital goods b. an increase in the production of consumer goods c. an increase in the number of retired workers d. none of the above
In a reserve currency system (such as the Bretton Woods system or the European ERM), currencies peg to a reserve currency. As a result:
A) only the reserve currency country has monetary autonomy. B) all countries, other than the reserve currency country, have monetary autonomy. C) all countries have monetary autonomy. D) no country has monetary autonomy.
Which of the following types of employment is inevitable whenever an employee loses his or her job?
a. cyclical b. frictional c. seasonal d. structural
How are countries classified based on income?
What will be an ideal response?