Which of the following is an important cause of inflation in an economy?
a. increases in productivity in the economy
b. the influence of positive externalities on the economy
c. lack of property rights in the economy
d. growth in the quantity of money in the economy
d
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The tables above show the marginal costs and benefits from production and consumption of paper. From this information we can see that there are
A) external costs of producing paper. B) external benefits of producing paper. C) no externalities in production of paper. D) external costs from consuming paper.
The first and biggest problem the EU faces in its expansion to the east is
A) the reform of its agricultural subsidy programs. B) the lack of democracy in the countries that are most likely to become members. C) the unwillingness of the new members to adopt EU rules. D) the lack of market economies in the countries that are most likely to become members.