Which of the following categories accounts for about one-third of the total spending of state and local governments?

Using the aggregate demand-aggregate supply model, explain and demonstrate graphically the short-run and long-run effects of an increase in the money supply

What will be an ideal response?

Your neighbor has just planted some fragrant flowers. The wonderful scent drifts into your room and makes you happy

A) This scent is an internal cost to you. B) This cannot be an externality since you are enjoying the scent. C) This is an externality since you get a benefit from your neighbor's flowers. D) The social cost of this activity is entirely borne by you neighbor.