Which of the following is not among the first steps the textbook recommends be taken to reduce negative externalities?
A) Adjudication
B) More scientific research
C) Negotiation
D) The cultivation of civic virtues
B
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Refer to the scenario above. The interest earned on the sum deposited is:
A) $300. B) $1,000. C) $1,300. D) $2,300.
Firm A producing one good acquires another firm B producing another good. The cross price elasticity of demand for the goods owned by each firm is -1.4 . Holding other things constant, the acquiring firm should
a. Raise prices on both goods b. Lower prices on both goods c. Raise price on the acquired good only d. Need more information
At the socially optimal equilibrium, _____
a. social cost exceeds private cost b. a market is allocatively efficient c. the marginal private cost of a given level of output is equal to the marginal social benefit d. the marginal private cost of a given level of output is greater than the marginal social benefit
The short-run Phillips curve holds that
A) high inflation and high unemployment can occur together. B) low inflation and low unemployment can occur together. C) high inflation and low unemployment can occur together. D) b and c