« previous next »

Author Question: If a negative externality results from the refining of oil, the cost of production as seen by the ... (Read 68 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?

Human neurons are so small that they require a microscope in order to be seen. However, some neurons can be up to 3 feet long, such as those that extend from the spinal cord to the toes.

Did you know?

The term pharmacology is derived from the Greek words pharmakon("claim, medicine, poison, or remedy") and logos ("study").

Did you know?

The most destructive flu epidemic of all times in recorded history occurred in 1918, with approximately 20 million deaths worldwide.

Did you know?

Only one in 10 cancer deaths is caused by the primary tumor. The vast majority of cancer mortality is caused by cells breaking away from the main tumor and metastasizing to other parts of the body, such as the brain, bones, or liver.

Did you know?

Chronic necrotizing aspergillosis has a slowly progressive process that, unlike invasive aspergillosis, does not spread to other organ systems or the blood vessels. It most often affects middle-aged and elderly individuals, spreading to surrounding tissue in the lungs. The disease often does not respond to conventionally successful treatments, and requires individualized therapies in order to keep it from becoming life-threatening.

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
Water potentials decrease (become more negative) as one moves from soil to plant to atmosphere Water potentials decrease (become more negative) as one moves from soil to plant to atmosphere
National Sleep Foundation Survey Results National Sleep Foundation Survey Results
Role of Factors of Production in Determining Output per Worker, 2009 Role of Factors of Production in Determining Output per Worker, 2009
Positive and Negative Punishment Positive and Negative Punishment
Results of Mendel’s Experiments Results of Mendel’s Experiments
Video: Apicomplexan life cycle Animation

For a complete list of videos, visit our video library