Externalities occur
A) only when a person acts out of greed.
B) only when a person acts out of selfish interest.
C) only when a person is concerned with personal profit.
D) only when the decision maker does not take into account all the benefits or costs from an action.
D
Economics
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Suppose the Utopian economy has the following characteristics: 100,000 people in the noninstitutional population; 80,000 people employed; 20,000 people not in the labor force. How many people are in the economy's labor force?
A) 0 B) 20,000 C) 60,000 D) 80,000 E) 100,000
Economics
The figure above shows Ilene's budget line. The price of a can of cat food is $2. The price of a can of dog food
A) is $1.60. B) is $4.00. C) is $5.00. D) cannot be determined without more information.
Economics