Which of the following is an example of an externality?
A. Drug abuse affecting David’s health
B. Sara taking a break from work
C. A transaction between two parties, affecting them alone
D. Tom’s smoking affecting his roommate’s health
Answer: D
Economics
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Suppose a country experiences an increase in output per worker. Such a development represents which of the following?
A) an increase in labor productivity B) an increase in population growth C) a reduction in the saving rate D) a decrease in economic growth
Economics
Which of the following antebellum banking innovations was the forerunner of the modern Federal Deposit Insurance Corporation (FDIC)?
a. the Suffolk System b. the Safety Fund Act c. the Forstall System d. the bimetallic standard
Economics