Which of the following is an example of a positive externality (additional social benefit)?
A. an increase in the value of land you own when a nearby development is completed
B. falling property values in a neighborhood where a disreputable nightclub is operating
C. the costs paid by a company to build an automated factory
D. the higher price you pay when you buy a heavily advertised product
Answer: A
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Which of the following explains why a bank holds reserves?
I. Banks are required by law to hold reserves. II. To meet depositors' currency withdrawals III. To use them to make loans to households A) I only B) II only C) I and II D) I, II, and III E) I and III
Today, ________ of shoes sold in the United States are made overseas?
A) almost 75 percent B) 99 percent C) just over half D) about 25 percent
An increase in the expected price of corn would likely do the following to the current supply and demand for corn:
A) increase both the demand and the supply. B) decrease both the demand and the supply. C) increase the demand, but decrease the supply. D) increase the supply, but decrease the demand.
Tariffs and quotas:?
What will be an ideal response?