Which of the following is a result of a market economy?
A) voluntary exchange B) an equal income distribution
C) agreement on equity D) environmental protection
A
Economics
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Which of the following is not an example of an externality?
a. Drunk drivers raise everyone's auto insurance premiums. b. The price of lumber increases as lumberjacks' wages increase. c. The neighbor's beautiful front yard increases your home value. d. Someone drives a car that emits thick black smoke. e. People who live near a bakery enjoy the smell of baked bread.
Economics
The magnitude of the annual overstatement of the CPI is approximately
A. one percentage point. B. one-tenth of one percentage point. C. one-half of one percentage point. D. five percentage points.
Economics