The impact of one person's actions on the well-being of a bystander is called
a. an economic dilemma.
b. deadweight loss.
c. a multi-party problem.
d. an externality.
d
Economics
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Unions may cause unemployment if:
A. outsiders push wages down. B. insiders force real wages higher than the market-clearing level. C. outsiders are subject to minimum-wage legislation. D. insiders are fired and outsiders are hired.
Economics
Among the following examples, the one that best illustrates a public good is:
A. The laptops used by students in a college or university B. The movies produced by Hollywood companies C. The bike paths around a city or town D. The airline tickets bought by vacationers
Economics