An example of a positive externality is
A. Increased business profits at a hardware store that benefited from a tornado.
B. Increased factory use of private sector robotics that came from government research.
C. Increased health problems from air pollution.
D. None of the choices are correct.
Answer: B
Economics
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As a candidate for president of the United States, Barak Obama was an ardent supporter of outsourcing
Indicate whether the statement is true or false
Economics
In the long run in a perfectly competitive market:
A. supply is perfectly elastic when all firms have the same cost structure. B. firms operate at an efficient scale. C. firms earn zero economic profits. D. All of these are true.
Economics