Which of the following is an example of an externality?
a. cigarette smoke that permeates an entire restaurant
b. a flu shot that prevents a student from transmitting the virus to her roommate
c. a beautiful flower garden outside of the local post office
d. All of the above are correct.
d
Economics
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In a small country, the adult population is 10,000. In that country, 7,000 people are in the labor force and 6,300 people are employed. The unemployment rate equals
A) 0.63 percent. B) 7 percent. C) 10 percent. D) an undetermined amount given the lack of information.
Economics
“Economics cannot be scientific because it is based upon the value judgment that ‘more (output) is better’.” Do you agree?
Please provide the best answer for the statement.
Economics