An externality is
a. always a benefit to the recipient
b. always a detriment to the recipient
c. an activity that occurs in a business that is unknown to management
d. an unintended benefit or cost imposed on third parties resulting from market activity
e. an act, caused by a firm located in this country, that has an effect on a person in a foreign country
D
Economics
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The decimal equivalent of a basis point is:
A. 1.00 B. 0.01 C. 0.0001 D. 0.001
Economics
The components of the formula for the Taylor rule includes each of the following, except:
A. the current inflation rate. B. the inflation gap. C. the 30-year U.S. Treasury bond rate. D. the target federal funds rate.
Economics