As more people start using an operating system, more applications are developed for it. This makes the system more valuable to individual users. This is an example of a ________
A) pecuniary externality
B) network externality
C) positive externality
D) negative externality
B
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To reach an economically efficient output level, the size of an excise tax imposed on a firm generating a negative externality should be:
a. the firm's marginal cost. b. the social marginal cost. c. the difference between the social marginal cost and the firm's marginal cost. d. the sum of the social marginal cost and the firm's marginal cost.
A year-long drought that destroys most wheat crops for the season would shift the:
A. short-run aggregate supply curve only. B. aggregate demand curve only. C. aggregate demand curve, and the short-run aggregate supply curve would shift in response. D. short-run aggregate supply curve and the long-run aggregate supply curve.
How does a decrease in government spending affect the aggregate expenditure line
What will be an ideal response?
What does order transparency improve?
a. Planning, evaluation, and disregard b. Execution, planning, and neglect c. Planning, execution, and evaluation d. Evaluation, disregard, and neglect e. None of the above