Which of the following would generate positive externalities?
A. Flu vaccinations.
B. Farmers' use of pesticides.
C. Cigarette smoking in elevators.
D. Litter left at the beach.
Answer: A
Economics
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The supply curve of antique reproductions is:
A. relatively elastic. B. relatively inelastic. C. perfectly inelastic. D. unit elastic.
Economics
Using a carefully-labeled diagram, explain an Engel curve for a good that is initially a normal good, but eventually becomes an inferior good.
What will be an ideal response?
Economics