A student that asks interesting questions during the lecture generates
A) positive externalities.
B) no externalities.
C) negative externalities.
D) an excludable good.
A
Economics
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Refer to Figure 2-2. The linear production possibilities frontier in the figure indicates that
A) it is progressively more expensive to produce orchids. B) the tradeoff between roses and orchids is constant. C) Vidalia has a comparative disadvantage in the production of roses. D) Vidalia has a comparative advantage in the production of orchids.
Economics
Even when preferences are _____, the _____ will produce a single winner
a. not single peaked; equilibrium b. single peaked; log-rolling c. cyclical; majority rule system d. cyclical; primary system
Economics