A television broadcast is an example of a good that is

Refer to Figure 33-6. Which of the long-run aggregate-supply curves is consistent with a short-run economic expansion?

A. LRAS1 B. LRAS1 C. LRAS3 D. Both LRAS1 and LRAS3

Which of the following is true?

A) If consumption of a good gives rise to a positive externality, it can be internalized by taxing the producers of the good. B) If production of a good gives rise to a negative externality, it can be internalized by taxing the producers of the good. C) If production of a good gives rise to a positive externality, it can be internalized by taxing the consumers of the good. D) If consumption of a good gives rise to a negative externality, it can be internalized by subsidizing the purchase of the good.