Positive externalities are created by people when they
A) add to the net real income of society.
B) are altruistic or concerned for the welfare of others.
C) benefit others without intending to do so.
D) increase the general welfare.
E) promote the happiness of others.
C
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The neoclassical theory of investment
A) links investment spending to stock prices. B) emphasizes that current investment spending depends positively on the expected future growth of GDP. C) emphasizes the role of real interest rates and taxes as determinants of investment. D) suggests that a downturn in real GDP will lead to a sharp fall in investment, which leads to further reductions in GDP through the multiplier.
A standard deck of playing cards has 52 cards with 13 cards in each of the four suits; hearts, diamonds, spades, and clubs. Each of the four suits has a king card. If a single card is drawn from a standard deck, what is the probability that the card will be the king of spades?
A) 0.25 B) 0.077 C) 0.019 D) 0.05
Critics of unions tend to focus on the fact that unions
A) tend to generate higher wages. B) reduce profits. C) are politically active. D) engage in restrictive labor practices.
One criticism of IMF conditionality is that it is not sufficiently contractionary
Indicate whether the statement is true or false