In the economic way of thinking, traffic congestion is a sign of
A) a surplus of people.
B) a surplus of automobiles.
C) a shortage of buses.
D) a negative externality.
D
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Fast Technology sells its computers and monitors separately, but also sells them as a package. This is an example of ________.
A) mixed bundling B) two-part pricing C) an all-or-nothing offer D) pure bundling
A perfectly competitive firm has
a. A perfectly elastic demand curve b. A perfectly elastic supply curve c. A downward sloping demand curve d. A downward sloping supply curve
All of the following are sources of negative externalities except one. Which is the exception?
a. a paper mill that pollutes a river b. a person who throws a beer can out the window of a moving car c. cars, which emit carbon monoxide d. a solar water heater which is outside and obscure from view e. products that contribute to the greenhouse effect
The new classical school of thought is usually associated with the theory of rational expectations
a. True b. False Indicate whether the statement is true or false