If government purchases exceed tax revenue, there is a budget deficit

Financial crises are typically ________

A) characterized by sharp declines in asset prices B) associated with increases in business failures C) accompanied by sharp economic downturns D) all of the above E) none of the above

All of the following are sources of negative externalities except one. Which is the exception?

a. a paper mill that pollutes a river b. a person who throws a beer can out the window of a moving car c. cars, which emit carbon monoxide d. a solar water heater which is outside and obscure from view e. products that contribute to the greenhouse effect