An economic activity in which benefits or costs affect third parties is called
A) a public good.
B) a third-party good.
C) the exclusion principle.
D) an externality.
D
Economics
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The term "satisficing" for decision-making behavior by many firms was coined by
a. Milton Friedman. b. Adam Smith. c. Herbert Simon. d. Alan Greenspan.
Economics
Suppose the price level is 110.00 at the end of 2020, 121.00 at the end of 2021, and 128.26 at the end of 2022 . Can we accurately describe the period 2021-2022 as a period of disinflation?
Economics