By providing free garbage removal, a community
A. discourages activities that produce detrimental externalities.
B. disincentivizes citizens from recycling.
C. leads citizens to throw out less garbage than is socially optimal.
D. raises the opportunity cost of recycling.
Answer: B
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The unemployment rate is obtained by
A) dividing the number of employed people by the number of unemployed people. B) dividing the number of employed people by the noninstitutional population. C) dividing the number of unemployed people by the noninstitutional population. D) dividing the number of unemployed people by the civilian labor force.
Education makes people more receptive to new ideas and methods, which leads to economic development
a. True b. False
Why is there more than one definition of the money supply? What is the difference between them?
Use the figure below to answer the following question.
The diagram above shows three supply curves for apples. A movement from point a to point b is caused by a change in the
A. price of resources used to produce apples. B. technology of apple farming. C. number of apple farmers. D. price of apples in the market.