What kind of externalities affects the levels of unemployment, inflation, or growth in the economy as a whole?

Harry needs to hire a lawyer but does not know how to find a good one. The lawyer is a(n)

A) experience good. B) credence good. C) logo good. D) search good.

Suppose that eight workers can manufacture 70 radios per day and that nine workers can manufacture 90 radios per day. If radios can be sold for $20 each, the value of marginal product of the ninth worker is

a. 20 radios. b. 90 radios. c. $200. d. $400.