A well-maintained house and yard is an example of
A. a negative externality.
B. logrolling.
C. a positive externality.
D. a public good.
Answer: C
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An example of a good that exhibits a negative network externality is:
A. telephones. B. a wireless internet connection. C. Facebook. D. All of these are examples of goods that create negative network externalities.
Political advocacy:
A. and political engagement can suffer from the free-rider problem. B. is not affected by the free-rider problem, but political engagement is. C. can suffer from the free-rider problem, but political engagement does not. D. and political engagement are not affected by the free-rider problem.
If capital flows freely between countries and a country has a fixed exchange rate, one thing you know is that the country:
A. exports more than it imports. B. cannot have a discretionary monetary policy. C. must have ample gold reserves. D. must be running large trade deficits
Which is the primary focus of study in macroeconomics?
a. An industry b. The national economy c. A business firm d. A household