Which of these activities will most likely result in an external benefit?
a. Ted purchases a dilapidated house and cleans up the yard and exterior of the house.
b. Tim purchases an iPhone and downloads new apps.
c. Terri purchases a new SUV and drives it to work every day.
d. Thomas purchases a suit and wears it on his interviews.
a
Economics
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The interest rate on secondary credit is set ________ basis points ________ the primary credit rate
A) 100; above B) 100; below C) 50; above D) 50; below
Economics
In a competitive market, an efficient allocation of resources is characterized by
a. a price greater than the marginal cost of production. b. the possibility of further mutually beneficial transactions. c. the largest possible sum of consumer and producer surplus. d. a value of consumer surplus equal to that of producer surplus.
Economics