An external benefit is the benefit experienced by people who:
A. do not decide how much of the good to produce or consume.
B. did not know why they are experiencing the benefit.
C. decide how much of the good to produce or consume.
D. consume the good.
Answer: A
Economics
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A decrease in inflationary expectations __________ interest rate
A) raises the natural B) raises the nominal C) lowers the natural D) lowers the nominal
Economics
The number of cases of Coca-Cola bought increased by 50 percent when the price of pretzels declined by 10 percent. Assuming other factors are held constant, Coca-Cola and pretzels are classified as:
a. complements. b. unrelated goods. c. substitutes. d. social goods.
Economics