22 prices in stores and restaurants in tokyo are high

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__ 22.Prices in stores and restaurants in Tokyo are high because
___ 23.If the demand for investment loans rises, this could be the result of
__24.If a person pays back $2,300 on a loan of $1,900, the interest is __________ and the interest rate is
approximately __________ percent.
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/Exploring-Economics-7th-Edition-9781285859439-288/
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Chapter 21 / Exercise 20
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__25.Market failure is a situation in which
a.the market does not provide the ideal or optimal amount of a particular good.b.there are too many buyers but not enough sellers.c.prices are too high for "average" people to buy necessities.d.there is a question over the quality of a product for sale.__B__ 26.Sometimes, when goods are produced and consumed, side effects are felt by people who are not directly
involved in the market exchanges. In general, these side effects are calledWhich of the following situations probably wouldnotyield a negative externality?
__28.When a negative externality exists,
__ 29.In which of the following situations would a positive externality most likely be involved?
a.Shawn is sitting at home one day when she gets a telephone call, informing her that shehas won $10,000 in a contest she entered three months ago.b.There are eight houses in the neighborhood where Rommel lives. Rommel likes nice-looking yards, and last week his neighbors began to beautify their yards.c.Willy needs eight hours of sleep each night to feel good. Last night he got eight hours ofsleep.d.Patrick received an A on a biology exam. He is feeling better about his chances of gettingadmitted to medical school.__D__30.

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Term
Fall
Professor
MASOOMIAN
Tags
Interest Rates, Externality, loanable funds
We have textbook solutions for you!
The document you are viewing contains questions related to this textbook.
Exploring Economics
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Chapter 21 / Exercise 20
Exploring Economics
Sexton
Expert Verified

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