All of the following generate positive externalities EXCEPT
A) public health programs.
B) a lower marginal tax rate for a household's income.
C) requiring proof of inoculation before entering college.
D) requiring proof of inoculation before entering elementary school.
Answer: B
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Which point in the figure above is an attainable combination that would have unemployed resources?
A) point A B) point B C) point C D) point D E) point A and point B
The main reason(s) firms in a competitive market cannot earn positive profits in the long run is(are)
a. assets can quickly move in and out of the industry when demand fluctuates b. an increase in demand leads to entry of firms which absorb the extra demand c. a decrease in demand leads to exit of firms from the market such that there is no surplus d. all of the above
In terms of total sales, the dominant form of business firm in the U.S. economy is the
a. corporation b. sole proprietorship c. partnership d. nonprofit organization e. limited partnership corporation
Income that is received as wages and is not adjusted for inflation is called
What will be an ideal response?