Additional external costs associated with the production of consumer goods often comes in the form of what?
a. Market failure costs
b. Externality costs
c. Pollution costs
d. Spillover costs
c. Pollution costs
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A deliberate change in the government's deficit
A) constitutes discretionary fiscal policy. B) leads to automatic stabilization. C) acts as a drag on the economy. D) is implemented by the Fed.
Economists argue that rent control is a highly efficient way to help the poor raise their standard of living
a. True b. False Indicate whether the statement is true or false
Refer to the accompanying figure. For Chris, the opportunity cost of removing one bag of trash is planting:
A. 3 bulbs. B. 25 bulbs. C. 1/3 of a bulb. D. 1/25 of a bulb.
Wealthier countries tend to consume less energy than poorer countries because wealthier countries can afford energy-efficient technologies.
Answer the following statement true (T) or false (F)