What are negative externalizes and positive externalizes? How do they affect supply and demand curves?
Please provide the best answer for the statement.
Negative externalizes result in an over allocation of resources to the production of a product. All the costs associated with the product are not reflected in the supply curve. The producer’s supply curve lies to the right of the full-cost supply curve. Positive externalizes result in an under allocation of resources to the production of a product. All of the benefits associated with the product are not reflected in the demand curve. The demand curve lies to the left of the full-benefits demand curve.
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Because everybody lives under uncertainty, everybody is
A) less than perfectly informed. B) ignorant of something. C) a speculator. D) all of the above. E) none of the above.
Jack lost his job six months ago, and he's been actively looking for a new job ever since. The Bureau of Labor Statistics would classify Jack as
A) a discouraged worker. B) unemployed. C) out of the labor force. D) all of the above.
If a dollar invested in the United States yields the same return as a dollar's worth of yen invested in Japan, then it implies that:
a. purchasing power parity exists. b. the exchange market is in equilibrium. c. the dollar/yen exchange rate is fixed. d. interest rate parity exists. e. both the currencies are pegged to a fixed amount of gold.
Any time the economy is between a trough and a peak of the business cycle it is in a recovery phase
Indicate whether the statement is true or false