An example of a negative externality created in the market system would be
A. unemployment.
B. a change in one consumer's tastes and preferences.
C. water pollution.
D. poverty.
Answer: C
You might also like to view...
In August 1979, President Jimmy Carter appointed ________ as chairman of the Board of Governors of the Federal Reserve System
A) Paul Volcker B) Alan Greenspan C) G. William Miller D) Ben Bernanke
Refer to Figure 2.2. Which diagram best represents the effect of lower fertilizer prices on the market for corn?
A. A
B. B
C. C
D. D
Suppose that Far North Canadian Lumber, Ltd., sells lumber in Canada at a price of $1,000 per 1,000 board feet and exports the same lumber to the United States at a price of $600 per 1,000 board feet. U.S. Lumber, Inc., produces and sells lumber for $700 per 1,000 board feet in the United States. What might Far North Canadian Lumber, Ltd., do to avoid the antidumping duty?
a. appeal to the U.S. International Trade Commission b. raise its price in the Canadian market c. raise its price in the U.S. market d. lower its price in the U.S. market
Which of the following represents the lending capacity of an entire banking system?
A. Total reserves - required reserves. B. Required reserve ratio × total deposits. C. 1 ÷ (required reserve ratio). D. (Total reserves - required reserves) × money multiplier.