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Author Question: A decrease in stock prices will _____ the net wealth of households and _____ consumption. a. ... (Read 35 times)

joesmith1212

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A decrease in stock prices will _____ the net wealth of households and _____ consumption.
 a. reduce; increase
 b. reduce; decrease
 c. reduce; not change
  d. increase; increase
 e. increase; decrease

Question 2

Which of the following offers the best economic justification for subsidizing vaccinations for infectious disease on the basis of efficiency?
 a. Vaccinations create a positive externality for society because they reduce the chances the scope of epidemics.
  b. Vaccinations are a type of pollution that increase the chances and the scope of epidemics.
 c. A politician offering subsidized vaccinations may be able to get more votes from lower income people and get elected.
  d. None of the answers above are correct.



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cdmart10

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Answer to Question 1

b

Answer to Question 2

a




cdmart10

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