Traffic congestion represents
a. A positive network externality
b. A negative network externality
c. A Bandwagon effect
d. Neither a positive nor a negative externality snob effect; congestion
b
Economics
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Assuming no bequests, with a real interest rate of 10 percent, wealth of $60,000, current income of $70,000, current consumption of $30,000 and future income of $100,000, future consumption equals ________
A) $30,000 B) $70,000 C) $100,000 D) $210,000
Economics
The Lorenz curve is a geometric representation of
A) the profile of earnings for a "typical" family over time. B) the standard of living experienced by the poor in a country. C) the difference between pre-tax and post-tax income. D) the distribution of income.
Economics