Technology standards work in reducing externalities of all kinds.
A. True
B. False
C. Uncertain
C. Uncertain
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Real GDP is the dollar value of all goods and services produced in an economy.
Answer the following statement true (T) or false (F)
According to the permanent income hypothesis, consumption spending depends largely on ________
A) current income B) the savings rate C) a consumer's lifetime resources D) the level of current income plus the value of the assets owned by the household
What is one reason a gambler might bet $1,000 that a sixteenth seed team will win the NCAA basketball tournament?
A) irrationality B) overconfidence C) exuberance D) gambler's fallacy
The maximum amount of money that company shareholders can lose on their investment in the corporation is:
A. whatever percent of their wealth equals their percent of ownership. B. whatever they paid for the shares in the company. C. whatever the corporation loses each year times the percent of ownership in the company. D. zero.