Global warming, which causes unfavorable climatic changes due to the burning of fossil fuels, would be an example of a(n):
a. positive externality

People pursue ________ projects in the market and ________ projects in government

A) their own; their own B) their own; others' C) private; public D) individualistic; socialistic

Which of the following is an economic argument that supports income inequality?

a. If given extra money, the poor would spend it on frivolous items. b. The poor have the same chance of being rich as anybody else. c. If people have the same incomes, this will lead to social stability. d. It is only fair that people's incomes reflect their contribution to society. e. If there are poor people, the rich will have some place to bestow their largess.