Which of the following is an example of a positive externality?
a. A college student buys a new car when she graduates.
b. The mayor of a small town plants flowers in the city park.
c. Local high school teachers have pizza delivered every Friday for lunch.
d. An avid fisherman buys new fishing gear for his next fishing trip.
b
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If the supply of a product increases, then
a. more will be purchased at the same price b. the price of the product must have declined c. demand for the good must have increased d. producers are willing to accept a lower price for each unit sold e. producers offer less for sale at each possible price
Capital deepening occurs when
a. the capital stock increases for a given labor force b. the capital stock decreases for a given labor force c. output decreases d. employment increases e. investment decreases