When some benefits are received by those who are not involved in a private transaction, a negative externality occurs
a. True
b. False
Indicate whether the statement is true or false
False
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One school of thought that emphasizes the role that taxes play in an economy's supply of output is known as
A) classical economics. B) tax-and-spend economics. C) demand-pull economics. D) supply-side economics.
Which of these would NOT be considered a middleman in a market?
A) a produce wholesaler B) an apple farmer C) a smartphone retailer D) a fruit distributor
Use the information in the above table. The top 40 percent of the population earn
A) 66.7 percent of the income. B) 55.5 percent of the income. C) 50.0 percent of the income. D) 44.4 percent of the income.
If the axes in the model for the monetary policy reaction curve are the real interest rate (vertical axis) and the rate of inflation (horizontal axis), then the monetary policy reaction curve would:
A. have a zero slope. B. have a negative slope. C. have a positive slope. D. be vertical.