Bicycle helmet laws are designed to reduce the severity of injuries resulting from bicycle involvement in traffic accidents. In this sense, the helmet laws are reducing ________ of risky behavior
A) positive externalities
B) negative externalities
C) transactions costs
D) the efficiency
B
Economics
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Individual income taxes generate roughly 25% of the tax revenue for the federal government
a. True b. False Indicate whether the statement is true or false
Economics
Marginal cost is equal to the
A) change in total cost divided by the change in output. B) change in average total costs divided by the change in output. C) change in total product divided by the change in output. D) change in average product divided by the change in output.
Economics