In financial markets, buyers are people who:
A. want to spend money on something of value right now, but don't have cash on hand.
B. have cash on hand and are willing to let others use it, for a price.
C. want to spend money on something of big value in the future, but don't know how to save for it.
D. have cash promised to them at some future date.
A. want to spend money on something of value right now, but don't have cash on hand.
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When dealing with negative externalities, what is meant by the term "internalizing an externality"?
What will be an ideal response?
The table above describes the market for paper. The production of paper produces pollution. There are no external benefits. Now suppose a Pigovian tax is successfully implemented and the efficient quantity of paper is produced
What is the total tax revenue collected by the government per week? A) $120 B) $840 C) $1,200 D) $1,800
Suppose that the price elasticity of demand for an ice cream cone is -1.9 . If the local ice cream shop owner wants to increase total revenue, what would you recommend he or she do?
What will be an ideal response?
Economic variables that generally move in tandem with the overall phases of the business cycle are called:
A) leading indicators. B) coincident indicators. C) lagging indicators. D) none of the above.