« previous next »

Author Question: If a negative externality results from the refining of oil, the cost of production as seen by the ... (Read 25 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?

During the twentieth century, a variant of the metric system was used in Russia and France in which the base unit of mass was the tonne. Instead of kilograms, this system used millitonnes (mt).

Did you know?

More than 30% of American adults, and about 12% of children utilize health care approaches that were developed outside of conventional medicine.

Did you know?

About 3% of all pregnant women will give birth to twins, which is an increase in rate of nearly 60% since the early 1980s.

Did you know?

There are approximately 3 million unintended pregnancies in the United States each year.

Did you know?

Approximately one in four people diagnosed with diabetes will develop foot problems. Of these, about one-third will require lower extremity amputation.

Negative control of an inducible set of genes: function of the lac repressor in regulating the lac o Negative control of an inducible set of genes: function of the lac repressor in regulating the lac o
Nonverbal communications convey strong, powerful messages that may be negative or positive. Nonverbal communications convey strong, powerful messages that may be negative or positive.
Blood types and results of donor and recipient combinations. Blood types and results of donor and recipient combinations.
Modern Predication of Peak in Global Oil Production Modern Predication of Peak in Global Oil Production
Positive and Negative Reinforcement Positive and Negative Reinforcement
Positive and Negative Punishment Positive and Negative Punishment
Video: Bulk flow - factors that influence bulk flow

For a complete list of videos, visit our video library