Which of the following occurs when an economic activity has a spillover benefit on third parties not engaged in the activity?
A) An economic profit
B) A positive externality
C) A gain in producer surplus
D) A gain in consumer surplus
B
Economics
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The interest rate on a bond is
A) inversely related to its price. B) directly related to its price. C) determined by its face value. D) determined by the time to maturity.
Economics
According to the superstar phenomenon, the most talented person in which of the following occupations is most likely to earn extremely high wages?
a. an electrician b. a hair stylist c. a journalist d. an engineer
Economics