In economics, secondary effects refer to the
A) immediate and highly visible intended consequences of an action or policy change.
B) value of the goods that an individual must give up as the result of choosing an alternative.
C) indirect effects that often result from an action or policy change.
D) value of a good derived by the consumer.
C) indirect effects that often result from an action or policy change.
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Each of the following, except one, is a condition necessary for a private market solution to an externality problem. Which is the exception?
a. Legal rights must be clearly established. b. Legal rights must be easily transferred. c. The number of people involved must be very small. d. The amount of money involved must be very small. e. Side payments must be arranged without cost.
A U.S. firm buys bonds issued by a technology center in India. This purchase is an example of U.S
a. foreign portfolio investment. By itself it is an increase in U.S. holdings of foreign bonds and increases U.S. net capital outflow. b. foreign portfolio investment. By itself it is an increase in U.S. holdings of foreign bonds and decreases U.S. net capital outflow. c. foreign direct investment. By itself it is an increase in U.S. holdings of foreign bonds and increases U.S. net capital outflow. d. foreign direct investment. By itself it is an increase in U.S. holdings of foreign bonds and decreases U.S. net capital outflow.