A neighbor plants flowers in their front yard, which you can view and enjoy from your window. From your perspective, this is an example of
A. an externality.
B. marginal analysis.
C. property rights.
D. an opportunity cost.
Answer: A
Economics
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When there are few substitutes available for a good, demand tends to be relatively inelastic
Indicate whether the statement is true or false
Economics
Explain the potential costs of high-powered incentives by considering the case of providing incentives to police officers. Would it be a good idea to pay higher wages to police officers if they make more arrests?
What will be an ideal response?
Economics