Which of the following is an example of a negative externality?
a. A Japanese company begins to produce cars, which causes American workers to lose their jobs.
b. An employee of a chemical company spills acid on his arm, causing severe damage.
c. John plants fruit trees in his front yard, which attracts bees, which sting neighbor Mary.
d. Sally buys coffee at McDonald's, spills some on her, and burns her arm.
e. Jack attempts to fix his roof, falls off, and breaks his leg.
c
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Other things being equal, a decrease in the default risk of corporate bonds shifts the demand curve for corporate bonds to the ________ and the demand curve for Treasury bonds to the ________
A) right; right B) right; left C) left; right D) left; left
An individual's quantity of money demanded
a. refers to how much money the individual would like to have b. refers to the amount of money an individual needs to maintain her desired standard of living c. refers to her wealth constraint d. refers to the amount of her wealth that an individual chooses to hold in the form of money e. is virtually unlimited