Sheryl sits on her patio and plays her guitar while her neighbors are outside. Sheryl neither pays nor receives any compensation for playing her guitar. Under what condition does her guitar-playing give rise to a positive externality?
Sheryl's guitar-playing gives rise to a positive externality if it enhances the well-being of her neighbors.
Economics
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Free trade refers to the ability:
A) of the developing countries to make payments for imports of goods at the end of every year. B) to trade without hindrance or encouragement from the government. C) of the developed countries to set the world prices of most goods and services. D) of the developed countries to provide financial aid to the developing nations.
Economics
The one-year re-pricing GAP is a measure of __________ risk
A) credit B) leverage C) interest rate D) liquidity
Economics