Author Question: If a negative externality results from the refining of oil, the cost of production as seen by the ... (Read 65 times)

sc00by25

  • Hero Member
  • *****
  • Posts: 596
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
Answer to Question 1

a

Answer to Question 2

d



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

On average, someone in the United States has a stroke about every 40 seconds. This is about 795,000 people per year.

Did you know?

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

Did you know?

According to animal studies, the typical American diet is damaging to the liver and may result in allergies, low energy, digestive problems, and a lack of ability to detoxify harmful substances.

Did you know?

Allergies play a major part in the health of children. The most prevalent childhood allergies are milk, egg, soy, wheat, peanuts, tree nuts, and seafood.

Did you know?

Limit intake of red meat and dairy products made with whole milk. Choose skim milk, low-fat or fat-free dairy products. Limit fried food. Use healthy oils when cooking.

For a complete list of videos, visit our video library