As more people imported cars from abroad, service facilities became widely available. This increased the value of imported cars to those who owned one. This is an example of a(n) ________.
A) pecuniary externality
B) network externality
C) moral hazard
D) adverse selection
Question 2
If the marginal rent cost of moving from Apartment 1 to Apartment 2 is -60 and marginal commuting cost of moving from Apartment 1 to Apartment 2 is 40:
A) moving from Apartment 1 to 2 will cost the renter 60 more in rent and 40 more in commuting.
B) moving from Apartment 1 to 2 will save the renter 60 more in rent and 40 more in commuting.
C) moving from Apartment 1 to 2 will save the renter 60 in rent but cost 40 more in commuting.
D) moving from Apartment 1 to 2 will cost the renter 60 more in rent but save 40 in commuting.
The burning of fossil fuels has greatly increased atmospheric CO2 levels and temperatures.
Earth Affects People; People Change Earth
Creede, Colorado, circa 1890, a rough silver mining town that grew from 660 people in 1889 to over 1
Unhappy people
While most people resist labels of deviance, some embrace them. In what different ways do these ...
Increased acidity inhibits the growth of coral and other carbonate shell-building organisms