Economists consider environmental pollution to be a(n)
a. externality.
b. pure public good.
c. allocatively efficient outcome.
d. public interest outcome.
a
Economics
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Refer to the figure that shows the market for U.S. health care. Other things equal, which of the following would shift the supply curve for medical care from S 2 to S 1 ?
A. An aging population.
B. Significant cost-increasing medical technology.
C. Expansion of the Medicare program to include prescription drugs.
D. Lower medical malpractice insurance premiums.
Economics
A radio ad conveys the hours a store is open. By doing this, the ad ______.
a. creates a more elastic demand curve. b. creates a demonstration effect c. communicates important information d. communicates misleading information
Economics