The government's role in limiting smoking in many buildings is justified by considerations of
A. Market power.
B. Government failure.
C. Externalities.
D. Inequity.
Answer: C
Economics
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In the market for euros, if the current exchange rate is below the equilibrium rate,
a. the quantity supplied and the quantity demanded for euros are equal. b. there is an excess supply of euros and the exchange rate will fall. c. there is an excess demand for euros and the exchange rate will rise. d. the exchange rate will neither rise nor fall. e. there is an excess demand for euros and the exchange rate will fall.
Economics
Which of the following items results in an increase in the economy's measured GDP ceteris paribus?
a. more leisure time b. higher quality goods c. cleaner air d. increased medical expenditures e. reduced workplace accidents
Economics