Exxon, Mobil, and Amoco are all descendants of the ___________ trust.
Fill in the blank(s) with the appropriate word(s).
Standard Oil
You might also like to view...
The magnitude of the slope of the budget line measures the
A) opportunity cost of the good on the horizontal axis in terms of the good on the vertical axis. B) opportunity cost of the good on the vertical axis in terms of the good on the horizontal axis. C) price elasticity of demand. D) price elasticity of supply.
A good for which it is impossible or at least very costly to exclude nonpaying customers from receiving the good and for which many individuals can share in the consumption of the same unit of the good is called a
a. public good. b. joint good. c. excludable good. d. national good.
What fiscal policy tools are used to shift the aggregate demand curve?
A. Government spending and interest rates B. Taxes and interest rates C. Government spending and taxes D. Taxes and employment rates
Explain what is meant by "internalizing an externality," and describe three methods by which this can be done.
What will be an ideal response?