Which of the following best explains why garbage collectors are paid a higher wage than many others with comparable skills?
a. because of the dangers associated with collecting trash
b. because garbage collectors work much longer hours on average than do those in other jobs
c. because of the unpleasantness associated with trash collection
d. because garbage collectors possess skills that are in relatively high demand
c
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Which of the following is an example of a positive externality?
A) raising the speed limit to 60 mph in school zones B) planting trees along a sidewalk which add beauty and create shade C) permitting smoking on commercial airplanes D) a police department stops enforcing DUI laws
If prices increase only in the United States, then:
A. U.S. goods become relatively more expensive than goods from other countries. B. U.S. goods become relatively less expensive than goods from other countries. C. the prices of foreign goods must rise. D. the income level of people in the US must rise.