Over-harvesting of fish in international waters an example of what economic concept?
a. a production externality
b. a consumption externality
c. marginal social benefits exceeding marginal private benefits
d. private marginal costs exceeding marginal social costs
Ans: b. a consumption externality
Economics
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Which of the following is an example of a reserve aggregate closely watched by the Federal Reserve?
A) Monetary base B) Currency held by the public C) Vault cash D) Total non-financial debt
Economics
Many economists believe that skill-biased technical change has increased the incomes of highly skilled workers and decreased the incomes of low-skill workers
a. True b. False Indicate whether the statement is true or false
Economics