In the case of a technology spillover, internalizing a positive externality will cause the supply curve of an industry to
a. shift to the right.
b. shift to the left.
c. become more elastic.
d. remain unchanged.
a
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In the expression for present value of benefits (PVB), ?(bt/[1+rs]t), with bt= Bt/(1 + p)t,
a. bt represents incremental nominal benefits b. Bt represents incremental real benefits c. bt represents incremental real benefits d. p stands for the opportunity cost of money
Which of the following is NOT considered a measure of firm conduct?
A. Lerner index of pricing behavior B. Research and development measures C. Dansby-Willig index D. Advertising measures
What policy tool of the Federal Reserve relies on bank borrowing to be effective?
A. Check collection B. The reserve requirement C. The discount rate D. Open-market operations
Refer to the above figure. The figure represents the consumption function for a consumer. The distance between A and B represents
A. the amount of autonomous saving. B. the amount of autonomous consumption. C. the amount of total consumption. D. none of these.