Which of the following is an example of a positive externality?
a. air pollution
b. littering in a public park
c. buying a new automobile
d. planting a nice garden in front of your neighbor's house
e. pollution of a stream
D
Economics
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Policy makers cannot achieve both price stability and economic activity stability when facing
A) temporary supply shocks. B) permanent supply shocks. C) demand shocks. D) all of the above.
Economics
In terms of production possibilities curves, the benefits of trade between two nations are that each nation moves to a higher:
a. standard of living. b. consumption possibilities combination. c. both a and b. d. neither a nor b.
Economics