When there is a negative externality in a market, too much of the good is produced

Indicate whether the statement is true or false

TRUE

Economics

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Complementary goods

a. are usually used in conjunction with each other b. are usually used in place of one another c. do not adhere to the law of demand d. are goods whose demand rises as incomes rise e. are goods whose demand falls as wealth falls

Economics

(Last Word) The Assistant U.S. Attorney General in charge of prosecuting financial crimes did which of the following in response to HSBC bank's years of money laundering and helping firms and individuals cheat on their taxes?

A. Imposed fines on HSBC and prosecuted key executives so as to diminish moral hazard in the financial services industry. B. Filed an antitrust lawsuit so as to break up HSBC without disrupting the financial system. C. Imposed only modest fines on HSBC so as not to destabilize the bank and the financial system. D. Imposed sanctions based on the provisions of the 2010 Wall Street Reform and Consumer Protection Act.

Economics