Orchards provide services to beekeepers because the bees use the pollen to make honey. This is an example of
A) a positive externality, and too many orchards exist in society.
B) a positive externality, and too few orchards exist in society.
C) a negative externality, and too many orchards exist in society.
D) a negative externality, and too few orchards exist in society.
B
Economics
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What is the value of the deposit multiplier?
A) 0.1 B) 0.2 C) 1 D) 5
Economics
You decide whether to eat one more slice of cheesecake based on how hungry you feel. Which economic principle does this statement BEST represent?
a. The true cost of something is its opportunity cost. b. People respond to incentives, exploiting opportunities to make themselves better off. c. Choices are necessary because resources are scarce. d. “How much” is a decision at the margin.
Economics