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To encourage the production of honey, several beekeepers place their beehives in a farmer's orchards and fields. As the bees gather nectar to make money, they pollinate the orchards and fields, thereby increasing the yields of the fruit and grain crops. This arrangement results in?
A. a positive externality that benefits the farmer.
B. no significant additional benefit to anyone.
C. a positive externality that benefits the consumer.
D. a negative externality for which the farmer should be compensated.
If the time-frame at hand is sufficient for all inputs to be variable (adjustable), then the firm is
What is the CPI? Which do you think has a greater effect on the consumer price index: a 10 percent increase in the price of chicken, or a 10 percent increase in the price of caviar? Why?
Sandra is an inexperienced teaching assistant who frequently gets mixed up when explaining macroeconomics. When trying to deliver the following statement, Sandra draws a blank.
When there are expectations that there will be inflation and expectations are rational, the longrun equilibrium will be:
A person you trust asks you to loan them $2,000 at the end of year 1, $1,000 at the end of year 2, nothing in year 3, and then they will pay you $1,000 in year 4, $2,000 in year 5, and $3,000 in year 6. If you make 12% per year on your investments, d..
q.1. find the sample correlation coefficient between x and y.2. how would you decide if a simple linear regression
When can an employee’s religious belief qualify as a bona fide occupational qualification? Do you believe religious hiring is BFOQ? Can a person claim to be discriminated against because of his or her spouse's national origin? Multimatrix, Inc., has ..
Zack quits his job at a consulting firm, which pays $40,000 a year, to enrol in a two-year graduate program. His annual school expenses are $30,000 for tuition, $2,000 for books, and $600 for food. What is his opportunity cost of attending the two-ye..
Which of the following is NOT a characteristic of a perfectly competitive market? Recall the Application called "Wireless Women in Pakistan." What makes the wireless telephone market in the US NOT perfectly competitive? How do entry costs affect the ..
Submit answers to the following questions in the unit drop box. You must explain your answer and provide your supporting computations. Yes/No answers or simple numbers are not acceptable and will not receive full credit. Why does a sales tax shift a ..
Does one who kills another "deserve" to die? Why or why not? Are there circumstances that would change your answer? Make two lists (perhaps using a table with two columns). Calculations of the likely consequences of assigning that particular penalty ..
Which of the following is not one of the explicit functions of the Federal Reserve granted by Congress?
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