« previous next »

Author Question: The text uses traffic congestion as an example of A) a surplus of automobiles. B) a negative ... (Read 110 times)

Themember4

  • Hero Member
  • *****
  • Posts: 538
on: Jun 29, 2018
The text uses traffic congestion as an example of
 
  A) a surplus of automobiles.
  B) a negative externality.
  C) a good priced above equilibrium.
  D) an engineering rather than an economic problem.

Question 2

Suppose a ski resort decides to sell its lift tickets below cost all season long, charging 20 per day as opposed to 30 per day. In principle, how would each ticket sale affect GDP?
 
  A) GDP would fall by 10.
  B) GDP would rise by 10.
  C) GDP would rise by 20.
  D) GDP would rise by 30 after the appropriate cost-price adjustment has been made.


smrerig

  • Sr. Member
  • ****
  • Posts: 325
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Hypertension is a silent killer because it is deadly and has no significant early symptoms. The danger from hypertension is the extra load on the heart, which can lead to hypertensive heart disease and kidney damage. This occurs without any major symptoms until the high blood pressure becomes extreme. Regular blood pressure checks are an important method of catching hypertension before it can kill you.

Did you know?

It is believed that the Incas used anesthesia. Evidence supports the theory that shamans chewed cocoa leaves and drilled holes into the heads of patients (letting evil spirits escape), spitting into the wounds they made. The mixture of cocaine, saliva, and resin numbed the site enough to allow hours of drilling.

Did you know?

Certain chemicals, after ingestion, can be converted by the body into cyanide. Most of these chemicals have been removed from the market, but some old nail polish remover, solvents, and plastics manufacturing solutions can contain these substances.

Did you know?

Ether was used widely for surgeries but became less popular because of its flammability and its tendency to cause vomiting. In England, it was quickly replaced by chloroform, but this agent caused many deaths and lost popularity.

Did you know?

The first oral chemotherapy drug for colon cancer was approved by FDA in 2001.

Large-scale impacts of the (a) positive, and (b) negative phases of the North Atlantic Oscillation. Large-scale impacts of the (a) positive, and (b) negative phases of the North Atlantic Oscillation.
Gram negative flowchart Gram negative flowchart
Positive and Negative Symptoms of Schizophrenia Positive and Negative Symptoms of Schizophrenia
A latex agglutination test for rheumatoid factor. A positive control at 1. A negative control at 2. ... A latex agglutination test for rheumatoid factor. A positive control at 1. A negative control at 2. ...
ABO and Rh grouping using gelatin centrifugation. The blood sample above is AB negative as indicated ... ABO and Rh grouping using gelatin centrifugation. The blood sample above is AB negative as indicated ...
US federal budget deficit/surplus and debt US federal budget deficit/surplus and debt
Video: What are Taste Receptors? How Does it Work? Animation

For a complete list of videos, visit our video library