Which of the following is NOT an example of a negative externality?
A) inoculation against disease
B) pollution
C) playing a boom box loudly in a crowded park
D) rush hour traffic
Answer: A
Economics
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Which of the following would be most likely to improve the standard of living of a less-developed country?
a. development of strong labor unions b. more foreign investment, attracted by the expectation of economic and political stability c. adoption of trade barriers (higher tariffs and quotas) d. widespread use of price controls to allocate goods and resources
Economics
Why is the economic analysis of oligopoly so difficult? What two generalizations can be made about the pricing behavior of monopolists?
What will be an ideal response?
Economics