Pete throws leftover bread onto his front lawn because he enjoys watching the pigeons feeding. His neighbor John is not happy about the pigeons, since they leave a mess on his property. This is an example of a nice gesture causing a
a. negative externality
b. public good
c. positive externaility
d. third-party benefit
e. free-rider outcome
A
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Which of the following is not part of the "taxes" provision of the Patient Protection and Affordable Care Act (ACA)?
A) Workers earning more than $200,000 pay higher Medicare payroll taxes. B) Investors earning more than $200,000 pay a new tax on their investment income. C) Pharmaceutical firms and health insurance firms pay new taxes. D) Beginning in 2018, all taxes on employer-provided health insurance plans will be reduced or eliminated.
When a binding price ceiling is imposed on a market to benefit buyers, a. no buyers actually benefit
b. some buyers benefit but no buyers are harmed. c. some buyers benefit and some buyers are harmed. d. all buyers benefit.
The U.S. outsourcing debate reminds us that:
a. International trade is a zero-sum game. b. Outsourcing provides few, if any, benefits to the nation from which outsourcing occurs. c. Outsourcing is a way for companies to transform fixed costs into variable costs. d. All of these statements are correct.
Company towns are
A. monopolies. B. monopsonies. C. towns named after companies. D. adjacent towns.