The natural unemployment rate ________
A) is the same from year to year
B) is greater than the actual rate of unemployment
C) is the unemployment rate when there is no cyclical unemployment
D) equals zero
C
Economics
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An example of an activity that creates a positive consumption externality is
a) locating beehives next to an orange orchard b) a noisy party c) smoking, which harms the health of a bystander d) a flu vaccination
Economics
A ________ occurs when an economic activity has a spillover cost that does not affect those directly engaged in the activity
A) positive externality B) negative externality C) gain in producer surplus D) gain in consumer surplus
Economics