If an insurance company underestimates the number of high-cost customers, it is likely to face ________.

Dumping raw sewage into Boston Harbor is an example of

a. a negative externality b. a positive externality c. a private cost d. a sunk cost e. an inverse cost

Federal revenue as a percentage of GDP dropped significantly in the early 2000 . because

a. of increased transfer payments due to the recession. b. of decreased transfer payments due to the recession. c. of tax-rate decreases passed by the Bush administration and Congress as well as recessionary impacts. d. of tax-rate increases passed by the Bush administration and Congress as well a recessionary effects. e. of tax-rate increases passed by the Bush administration .