Are all externalities negative? Explain
What will be an ideal response?
No, all externalities are not negative. Some activities bestow a benefit upon individuals not involved in the activity. These would be positive externalities.
Economics
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A decrease in the price of a good will result in a decrease in supply.
a. true b. false
Economics
The natural real GDP will ________ following a fall in energy prices because
A) rise; labor productivity increases. B) fall; labor productivity declines. C) rise; employment is more attractive relative to leisure. D) A and C are both correct
Economics