Which of the following would be a private cost to a cigarette manufacturer?
a. price of leaf tobacco
b. cost to the government of the hospital expenses of indigent smokers
c. increased risk of cancer to the nonsmoking passengers in the smoker's car pool
d. price of a pack of cigarettes
e. loss in utility received because the smoker must stand outside her office building in the winter to smoke
A
You might also like to view...
Define GDP
What will be an ideal response?
Increases in net investment generally result in
A) higher levels of capital stock and lower levels of depreciation. B) lower levels of capital stock and higher levels of depreciation. C) lower levels of capital stock and lower levels of depreciation. D) higher levels of capital stock and higher levels of depreciation.
In what ways is GDP a misleading measure of economic performance? Consider what components are not included on GDP.
What will be an ideal response?
If the AD curve shifts from year to year and the AS curve does not, then the short run Phillips curve would be
A. downward sloping. B. shifting to the right. C. upward sloping. D. shifting to the left.