There is no way that externalities can be corrected.
Answer the following statement true (T) or false (F)
False
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Which of the following are examples of leakages?
a. government purchases, net taxes and imports b. government purchases, exports and investment spending c. net taxes, household saving and imports d. net taxes, investment spending and exports e. net exports, investment spending and net taxes
The price index was 150 in the first year, 142.5 in the second year, and 138.2 in the third year. The economy experienced
a. 5.0 percent deflation between the first and second years, and 3.0 percent deflation between the second and third years. b. 7.5 percent deflation between the first and second years, and 4.3 percent deflation between the second and third years. c. 5.3 percent inflation between the first and second years, and 4.1 percent inflation between the second and third years. d. 7.5 percent inflation between the first and second years, and 4.3 percent inflation between the second and third years.
This prisoner's dilemma game shows the payoffs associated with two firms, A and B, in an oligopoly and their choices to either collude with one another or not.
Given the situation in the matrix shown, we can predict that Firm A's profits will be:
A. $100 million. B. $200 million. C. $300 million. D. $50 million.
Refer to the graph below.
In the 1980s, digital publishing reduced the cost of producing books. Assuming no change in the cost of producing DVDs, which of the shifts reflects this change in technology?
A. I B. II C. III D. IV