Traffic congestion is an example of a ________. A) positive ...

[bucstennis@aim.com]

Traffic congestion is an example of a ________.
 
  A) positive externality
  B) negative externality
  C) pecuniary externality
  D) free-rider problem

Question 2

Refer to the figure above. A change in the budget constraint from B1 to B2 indicates:
 
  A) an increase in the price of sweaters.
  B) a decrease in the price of sweaters.
  C) an increase in the consumer's income.
  D) a decrease in the consumer's income.

[bob]

Answer to Question 1

B

Answer to Question 2

B

[bucstennis@aim.com]

Thanks for the timely response, appreciate it

[lcapri7]

YES! Correct, THANKS for helping me on my review