Which of the following is an example of a negative externality?
a. A Japanese company exports cars to the U.S., which causes American workers to lose their jobs
b. An employee of a chemical company spills acid on his arm, causing severe damage.
c. John plants fruit trees in his front yard, which attracts bees, which sting neighbor Mary.
d. Sally buys coffee at McDonald's, spills some and burns her hand.
e. Jack attempts to fix his roof, falls off, and breaks his leg.
C
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Suppose policy makers are concerned about a shortage of long-term capital investment. To remedy the problem, various plans to cut capital gains taxes have been suggested. The delay in picking a plan is called the _____
a. implementation lag b. policy coordination problem c. decision-making lag d. recognition lag e. effectiveness lag
Power plants with the lowest operating costs tend to:
A. have the lowest fixed costs in terms of construction. B. have the highest fixed costs in terms of construction. C. operate on the smallest scale of energy production. D. generate the cleanest energy.