A negative externality is
A) a cost realized by the producer of a good or service.
B) anything that is external or not relevant to the production of a good or service.
C) a cost paid for by the consumer of a good or service.
D) a by-product of an activity that hurts someone who is not involved in that activity.
D
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Elena works as a housekeeping staff member in a hotel. Her task is to clean the rooms that are unoccupied by guests. Because it is not possible for her boss to monitor her work regularly, she often skips cleaning some of the rooms
a) What is the term used to refer to such behavior? b) How can the management motivate workers like Elena to work harder?
Which firm did the Treasury allow to fail during the financial crisis?
A) J.P. Morgan B) Bear Stearns C) Lehman Brothers D) American International Group (AIG)