chap 4 -...

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Suppose the production of a certain good creates substantial positive externalities.  If government adopts a policy that adjusts demand to take these benefits into account, then:    Student Response Value Correct Answer A. firms in this industry will go out  of business.    B. the output of the product will  increase. 100%     C.  the output of the product will  decrease.    D.  the price of the product will  decrease.     Score: 1/1    2.   In 2007, "Tax-Freedom Day" (the day average workers have earned enough to pay their tax bills) was:    Score: 1/1    3.   The majority of personal consumption expenditures go to purchase: 
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Score: 0/1    4.   If there is substantial unemployment in the economy, it would be appropriate for government to cut tax rates.    Score: 1/1    5.  
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This note was uploaded on 10/19/2009 for the course ECON 2010 taught by Professor Staff during the Spring '08 term at Utah Valley University.

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chap 4 -...

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