Exhibit 30-1
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Refer to Exhibit 30-1. If the exhibit represents a negative externality situation, the triangle ABC is representative of
A. social failure.
B. optimal failure.
C. market failure.
D. socially optimal output.
E. none of the above
Answer: C
Economics
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If Urban Outfitters borrows $25 million from a bank to finance the construction of a new store, this is an example of
A) a bond market transaction. B) a stock market transaction. C) indirect finance. D) direct finance.
Economics
Refer to Figure 9.9. At free trade, domestic consumption is
A) 5500; domestic production is 1000; imports are 4500. B) 5000; domestic production is 2000; imports are 3000. C) 4000; domestic production is 4000; imports are 0. D) 2000; domestic production is 5000; imports are 3000. E) 1000; domestic production is 5500; imports are 4500.
Economics