Let S = y - (150 + 0.6y). Assume no government or foreign sectors. What is the consumption function?

When one more car enters a crowded highway it increases the travel times of all other drivers on the highway creating a negative externality

a. True b. False Indicate whether the statement is true or false

According to the textbook, some people refer to the period from ___________________ as the First Era of globalization

A) the late 1700s to the late 1800s B) the mid-1900s to the late 1980s C) the late 1600s to the mid-1800s D) the mid-1800s to the late 1920s