Define positive externalize and give an example
Please provide the best answer for the statement.
A positive externalize occurs when production or consumption of certain goods and services confer benefits on third parties or the community at large for which payment or compensation is not required. An example would be shots for contagious diseases.
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The economy recovers quickly from most recessions, but the increase in adverse selection and moral hazard problems in the credit markets caused by ________ led to the severe economic contraction known as The Great Depression
A) debt deflation B) illiquidity C) an improvement in banks' balance sheets D) increases in bond prices
A fall in the domestic interest rate leads to capital
a. outflows and exchange rate appreciation. b. outflows and exchange rate depreciation. c. inflows and exchange rate depreciation. d. inflows and exchange rate appreciation.
According to behavioral economics, if people taking an exam were asked to guess the score they would receive, it would be most likely that
a. significantly more people would score below what they guessed than above what they guessed. b. significantly more people would score above what they guessed than below what they guessed. c. about the same number of people would score more than they guessed as scored less than they guessed. d. people's scores would be pretty close to what they guessed.
Suppose that the wage for teachers increases relative to other occupations. We know that ________ people will work as teachers, and the total number of hours worked will ________.
A. more; increase B. more; decrease C. fewer; increase D. fewer; decrease