Which of the following situations is clearly and unambiguously descriptive of a positive externality?
A. Jack feels better after his daily walk.
B. Joriel studies harder than anyone in his class.
C. Professor Gomez gave an unannounced quiz to her history class yesterday.
D. The President of the United States yesterday signed a legislative act that is very popular in the country.
E. none of the above
Answer: E
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U.S. Trade Adjustment Assistance:
a. is not available to workers in manufacturing. b. is not available to workers displaced by NAFTA. c. is not available to workers in service industries. d. expired with the advent of the WTO in 1995.
The interest rate effect helps explain why a lower price level will reduce the quantity of real goods and services demanded as an economy moves down along its aggregate demand curve
a. True b. False Indicate whether the statement is true or false