The problem of excess pollution mainly occurs because of
A) asymmetric information.
B) a positive externality.
C) a negative externality.
D) a monopoly.
C
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The Fisher index
A) uses the arithmetic mean of the Paasche index and the Laspeyres index. B) uses the standard deviation of the Paasche index and the Laspeyres index. C) uses the geometric mean of the Paasche index and the Laspeyres index. D) uses the harmonic mean of the Paasche index and the Laspeyres index.
One characteristic of cattle that makes them unsuitable as a medium of exchange is that they are not easily divisible
a. True b. False Indicate whether the statement is true or false
Influence cost is a type of _____ incurred while filling positions that have similar responsibilities but carry different pay
a. deadweight loss b. opportunity cost c. externality d. social cost
The sacrifices made by societies in order to engage in military spending represent:
A. the nominal costs of military spending. B. the real costs of military spending. C. the opportunity costs of military spending. D. the excessive costs of military spending.