Match each concept in Column A with an example in Column B. Column A Column B Negative externality 1. You should spend more time studying a. economics b. An essential economic activity 2. A fair and just society A final goal 3. If you spend more time studying econom- ics, you will have less time to sleep c. d. An intermediate goal 4. The current unemployment rate is 7 percent 5. You are studying economics in order to get a good job е. A normative statement f. A positive statement 6. Producing this book resulted in pollution 9. An opportunity cost 7. Resource management 5.

Match each concept in Column A with an example in Column B. Column A Column B Negative externality 1. You should spend more time studying a. economics b. An essential economic activity 2. A fair and just society A final goal 3. If you spend more time studying econom- ics, you will have less time to sleep c. d. An intermediate goal 4. The current unemployment rate is 7 percent 5. You are studying economics in order to get a good job е. A normative statement f. A positive statement 6. Producing this book resulted in pollution 9. An opportunity cost 7. Resource management 5.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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