If the government runs an ad campaign to shame litterers, they are:
A. trying to get individuals to internalize the negative externality created by their decision to litter.
B. using protectionist policy to help the trash-collecting industry.
C. wasting a lot of money.
D. All of these statements are true.
Answer: A
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Six Flags Entertainment Cor
A) Some of the property owners might ask for more money than their property is worth and prevent the project from moving forward. B) The transactions costs of bargaining with the current landowners is likely to be quite low. C) The government would likely not use eminent domain in this situation since it involves a private corporation trying to acquire land from private landowners. D) The land must be undervalued for a large corporation like Six Flags to want to acquire it.
Suppose that the money supply decreases. In the short run, this increases prices according to
a. both the short-run Phillips curve and the aggregate demand and aggregate supply model. b. neither the short-run Phillips curve nor the aggregate demand and aggregate supply model. c. the short-run Phillips curve, but not according to the aggregate demand and aggregate supply model. d. the aggregate demand and aggregate supply model but not according to the short-run Phillips curve.