Josiah installed a metal sculpture in his front yard. A positive externality arises if the sculpture
a. increases the value of other properties in the neighborhood.
b. increases the value of Josiah's home
c. is visually unappealing to Josiah's neighbors.
d. creates a safety hazard for neighborhood children.
a
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By focusing the customers on the price of a product, you make
a. The demand for the product more inelastic b. The customers less price sensitive to the product c. Both A & B d. None of the above
Discrimination is an emotionally charged issue that is impossible to study objectively
a. True b. False Indicate whether the statement is true or false
When a country experiences capital flight, which of the following rise?
a. its real interest rate and its real exchange rate b. its real interest rate but not its real exchange rate c. its real exchange rate but not its real interest rate d. neither its real interest rate nor its foreign exchange rate
If both demand and supply change, the two equilibrium values would change depending on the relative ______ of the changes in supply and demand.
a. consequences b. magnitude c. timing d. accuracy