John raises bees to pollinate his orchard. A couple of bees which escaped ended up pollinating his neighbor's orchard, so
A) John's neighbor has received an internal cost of John's bee-keeping.
B) John's neighbor has received an external cost of John's bee-keeping.
C) John's neighbor has received an external benefit of John's bee-keeping.
D) None of the above is correct.
C
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Which of the following is typically not counted in GDP?
A) any nonmarket good and services B) income generated from apartment rentals C) illegal drug sales D) all of the above E) none of the above
Using the information in the table shown, the rate of inflation from 2008 to 2009 was:
A. 12.5 %.
B. 11.1 %.
C. 13 %.
D. 17 %.
When gross investment is positive, net investment:
A. may be either positive or negative. B. must be positive. C. must be negative. D. is always zero.
Suppose that Far North Canadian Lumber, Ltd., sells lumber in Canada at a price of $1,000 per 1,000 board feet and exports the same lumber to the United States at a price of $600 per 1,000 board feet. U.S. Lumber, Inc., produces and sells lumber for $700 per 1,000 board feet in the United States. What might Far North Canadian Lumber, Ltd., do to avoid the antidumping duty?
a. appeal to the U.S. International Trade Commission b. raise its price in the Canadian market c. raise its price in the U.S. market d. lower its price in the U.S. market