If a chemical factory causes noxious fumes to be emitted in the neighborhood, a likely third party would be
a. workers at the factory
b. factory managers
c. chemical customers
d. neighborhood homeowners and their families
e. owners of the factory
D
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At the beginning of the twenty-first century,
(a) many people returned to living in the Northeast and Midwest. (b) the majority of U.S. citizens lived in rural areas. (c) the majority of people resided in the South and West. (d) all of the above
Export promotion has been more successful than import substitution
a. True b. False
One way to make consumers take a negative externality into account in their demand decision is to:
A. place a tax on the item. B. subsidize the purchase of the item. C. give suppliers a production credit. D. None of these statements is true.
An increase in the U.S. price level will
a. increase the slope of the expenditure schedule. b. decrease the slope of the expenditure schedule. c. shift the expenditure schedule upward. d. shift the expenditure schedule downward.