The term externalities refers to
A. The negative costs and positive benefits of a market activity borne by a third party.
B. Only negative costs of a market activity borne by a third party.
C. Only positive benefits of a market activity borne by a third party.
D. None of the choices are correct.
Answer: A
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If a worker becomes unemployed because of an increase in the minimum wage, that worker is:
What will be an ideal response?
Your authors argue that unsustainable booms, followed by recessionary busts, are primarily caused by the Fed's expansionary monetary policies. Which of the following serves as an exception to their claim?
A) The Great Depression of the 1930s B) The Great Recession of the late 2000s C) The authors admit that both of the above are exceptions. D) The authors argue that neither of the above are exceptions, but rather strong examples.
Hewlett-Packard will not raise the prices of its personal computers without first considering how Dell might respond. This is evidence of
A) collusion. B) cutthroat competition. C) price fixing. D) interdependence.
Economies of scale are also called increasing returns to scale
a. True b. False Indicate whether the statement is true or false