Damian is texting while driving and ends up slamming into the back end of the car in front of him, which then strikes the car in front of it. By texting while driving, Damian has created a
A. negative externality.
B. positive externality.
C. nonexcludable public good.
D. marginal social benefit.
Answer: A
You might also like to view...
If the tariffs on textiles, apparel items, and footwear mentioned in the Application were replaced by equivalent voluntary export restraints (VERs), low-income consumers would probably
A) be worse off. B) be better off. C) be no better nor worse off. D) not be subject to the VERs.
Mutual funds are a good and relatively inexpensive way for individual investors to diversify
Indicate whether the statement is true or false
The aggregate supply of labor is the
A) total amount of time a person works over his or her lifetime. B) total amount of time a person spends in the labor force over his or her lifetime. C) unemployment rate. D) sum of the labor supplied by everyone in the economy.
For any pair of countries, there is only one single exchange rate that can lead automatically to both countries realizing the gains from specialization and comparative advantage.
Answer the following statement true (T) or false (F)