Who is affected when a Pigouvian subsidy is imposed on a market with a positive externality?
A. Producers
B. Those affected by the externality
C. Consumers
D. All of these groups would be affected.
Answer: D
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An increase in M or an increase in V, other things equal, would definitely increase: a. the price level
b. real GDP. c. nominal GDP. d. unemployment.
Standardized tests are used in efforts to
A. save on paper waste. B. make schools more accountable. C. give teachers more time off. D. shorten school hours.
A vehicle currency is:
a. contraband-it is used to smuggle other assets into controlled economies. b. a widely accepted, tradable currency that serves as a currency to use for buying or selling one's own. c. a currency whose value changes rapidly and erratically. d. a currency used to purchase imports of autos, buses, and other transportation equipment.
As more workers are added to a factory with few employees, ________________rises.
Fill in the blank(s) with the appropriate word(s).