People seldom break a line while waiting for checkout in a supermarket. This is an example of a ________ to solve an externality
A) Coasian approach
B) Pigouvian approach
C) command and control mechanism
D) social enforcement mechanism
D
Economics
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Refer to Figure 2-8. Which country has a comparative advantage in the production of coconuts?
A) Guatemala B) Costa Rica C) They have equal productive abilities. D) neither country
Economics
Which of the following statements is true about monopsony?
a. c and e. b. c, d, and e. c. Monopsonists exercise complete buying power. d. Monopsonists maximize profit by setting MRP = MFC. e. Monopsonists face the whole labor supply curve.
Economics