Which of the following statements about a well-maintained yard best conveys the general nature of the externality?
a. A well-maintained yard conveys a positive externality because it increases the home's market value.
b. A well-maintained yard conveys a negative externality because it increases the property tax liability of the owner.
c. A well-maintained yard conveys a positive externality because it increases the value of adjacent properties in the neighborhood.
d. A well-maintained yard cannot provide any type of externality.
c
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Which of the following is a condition that most people would NOT expect the safety net of the government to provide for?
a) injuries b) joblessness c) natural disasters d) low income
An increase in the money supply leads to a(n):
a. decline in interest rates, an increase in investment, and an increase in aggregate demand. b. decline in interest rates, a decrease in investment, and an increase in aggregate demand. c. decline in interest rates, an increase in investment, and a decline in aggregate demand. d. increase in interest rates, an increase in investment, and an increase in aggregate demand. e. decline in interest rates, a decline in investment, and a decline in aggregate demand.