« previous next »

Author Question: If a negative externality results from the refining of oil, the cost of production as seen by the ... (Read 24 times)

sc00by25

  • Hero Member
  • *****
  • Posts: 596
on: Jun 30, 2018
If a negative externality results from the refining of oil, the cost of production as seen by the oil refinery:
 a. does not include the external cost.
 b. includes the external cost.
 c. does not include the external benefit.
  d. includes the external benefit.

Question 2

Rational expectation theory implies that accurately anticipated change in aggregate demand:
 a. will increase RGDP in the short run.
 b. will affect RGDP and inflation only in the long run.
 c. may affect RGDP but not nominal GDP in the short run.
  d. will do none of the above.


momolu

  • Sr. Member
  • ****
  • Posts: 320
Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

d


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Immunoglobulin injections may give short-term protection against, or reduce severity of certain diseases. They help people who have an inherited problem making their own antibodies, or those who are having certain types of cancer treatments.

Did you know?

Autoimmune diseases occur when the immune system destroys its own healthy tissues. When this occurs, white blood cells cannot distinguish between pathogens and normal cells.

Did you know?

Colchicine is a highly poisonous alkaloid originally extracted from a type of saffron plant that is used mainly to treat gout.

Did you know?

Children of people with alcoholism are more inclined to drink alcohol or use hard drugs. In fact, they are 400 times more likely to use hard drugs than those who do not have a family history of alcohol addiction.

Did you know?

Medication errors are more common among seriously ill patients than with those with minor conditions.

Pair Production and Annihilation Pair Production and Annihilation
Homeostasis and negative feedback as related to control of body temperature. Homeostasis and negative feedback as related to control of body temperature.
Positive and Negative Punishment Positive and Negative Punishment
ATP Production in Cardiac Muscle ATP Production in Cardiac Muscle
Results of Mendel’s Experiments Results of Mendel’s Experiments
No gene interaction in the production of feather color in budgerigar parakeets No gene interaction in the production of feather color in budgerigar parakeets
Video: Major Elements in Biological Molecules: Proteins

For a complete list of videos, visit our video library