A negative externality occurs when
A) there is rent-seeking.
B) benefits are imposed on individuals that are not part of a transactions.
C) there is creative destruction.
D) costs are imposed on individuals that are not part of a transaction.
D
Economics
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Which of the following are assets of commercial banks?
i. reserves ii. loans iii. deposits A) i only B) ii only C) i and ii D) ii and iii E) i, ii, and iii
Economics
If, for a given percentage increase in price, quantity supplied increases by a proportionately larger percentage, then supply is
A) unit elastic. B) relatively inelastic. C) elastic. D) perfectly elastic.
Economics