The figure above shows the market for airline tickets. If airline tickets are a normal good, then the recession in 2008 that caused people's incomes to decrease led to a shift from

In the context of both positive externalities and public goods, briefly explain why private firms or individuals might fail to make expenditures or investments that would produce broad social benefits.

What will be an ideal response?

Imports are

A. people who work in foreign countries. B. an example of an economic model. C. whatever is given up to obtain some item. D. goods produced abroad and sold domestically.