Which of the following goods have a negative income elasticity of demand?

Education is a good example of a positive externality because the benefits of an education accrue not only to the individual, but also to society as a whole

a. True b. False Indicate whether the statement is true or false

Which of the following would shift the investment demand curve leftward?

A. an increase in business taxes B. a decrease in business taxes C. a tax credit for new investment D. Firms are operating their plants at full capacity.