An example of a beneficial externality is
a. airport noise.
b. a blooming curbside bed of violets.
c. pollution of a fishing lake.
d. freeway congestion.
b
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The government of Techland experienced a current account surplus of $0.4 billion during a certain year. What should be the balance in the financial account of Techland? Explain your answer
What will be an ideal response?
Is it more efficient for a group of musicians to perform a show "unplugged" (with acoustic instruments) or with state-of-the-art electric instruments?
A) Unplugged is more efficient because the instruments are considerably less expensive to operate. B) It depends on what the musicians are trying to accomplish. C) The use of electric instruments is more efficient because acoustic instruments have become more expensive in recent years. D) It depends exclusively on the relative ratios of energy output to energy input in each instrument class.
After much success during the 1970s, the OPEC cartel saw the price of oil and the revenues of its members decline during the 1980s due, in part, to
a. the low elasticity of demand for oil in the short run b. the large number of buyers from each member nation c. surging demand for oil in the early 1980s d. publicity concerning the prices negotiated with each member e. the greater long-run elasticity of demand for oil
A major advantage of the corporate form of business organization is the added decision- making authority of the owners
Indicate whether the statement is true or false