Technology spillover is one type of
a. negative externality.
b. positive externality.
c. subsidy.
d. producer surplus.
b
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"A government surplus can decrease investment through the crowding-out effect because the surplus decreases the supply of loanable funds." Is the previous assertion right or wrong? Why?
What will be an ideal response?
Use the concept of location rent to explain what will happen to property values in your neighborhood if a landfill opens two blocks down the street
The term "dirty float" is used to describe a
a. black market in foreign currencies. b. floating currency that is "managed" by central bank authorities. c. nation that switches from free to fixed exchange rates. d. currency system used only in inflationary periods.
Macroeconomists study
a. the decisions of individual households and firms. b. the interaction between households and firms. c. economy-wide phenomena. d. regulations imposed on firms and unions.