Suppose that Rebecca throws her soda bottle out the car window and it smashes on the road. Jim drives over the broken glass and gets a flat tire. Rebecca’s soda consumption has resulted in()
A. the production of a public good
B. an externality
C. monopoly power for Rebecca
D. greater efficiency in consumption
Opportunity costs most often increase as you move down a production possibilities frontier because()
A. resources are not completely adaptable to alternative uses
B. factors of production are limited and human wants are unlimited
C. efficiencies are generated by large-scale production
D. economic efficiency is only possible in the short run
According to economists who emphasize the connection between productive contribution and economic reward, a more equal income distribution()
A. is fundamental to economic growth
B. always helps the poor in the long run
C. creates inefficiency
D. generates greater productivity
Innumerable people from the past to the present have come to pay their respect to____and let their souls baptized and purified by his great thought of “being the first to raise concern and the last to
A. Fan Zhongyan
B. Tang Yin
C. Wu Zixu
D. Su Shi