Which of the following would generate positive externalities?
a. Flu vaccinations.
b. Farmers' use of pesticides.
c. Cigarette smoking in elevators.
d. Litter left at the beach.
e. An unkept front yard.
a
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Figure 10-5
In Figure 10-5, which graph best illustrates the situation of an economy reacting to a recessionary gap by reducing resource cost levels?
A. (1) B. (2) C. (3) D. (4)
In the fooling model, suppose that from an initial AD/SAS/LAS equilibrium a sudden expansion of aggregate demand occurs. With fooling, we would find employment and the actual real wage in the labor market diagram by moving
A) "northeast" along the labor supply curve. B) "northwest" along the labor demand curve. C) "southeast" along the labor demand curve. D) "southwest" along the labor supply curve.
A tax of 20 percent per unit of imported garlic is an example of a(n)
A) specific tariff. B) ad valorem tariff. C) nominal tariff. D) effective protection tariff. E) a disadvantageous tariff
If demand increases and supply decreases, then equilibrium price must decrease, but equilibrium quantity is indeterminate
a. True b. False Indicate whether the statement is true or false