Which of the following is NOT an example of an externality?
A) A bread company emits a wonderful aroma in the air that makes people smile.
B) The neighbor's wind chimes interfere with your sleep.
C) A firm fires 500 people.
D) Cancer-causing chemicals are dumped into the drinking water supply of a city.
C
Economics
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The formula Es/(Es - Ed) is used to calculate the
A) deadweight loss from price support programs. B) increase in consumer surplus from a price ceiling. C) fraction of a specific tax that is passed through to consumers. D) none of the above
Economics
Examples of transfers-in-kind include
A) tax rebates on both the federal and state levels. B) taxes on alcohol and tobacco. C) food stamps and public housing. D) political advertising.
Economics