In h toe u,Iteihet the ittilowttig statements arc true. false or uncertain. Explain your nnower In...

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In h toe u,Iteihet the ittilowttig statements arc true. false or uncertain. Explain your nnower In Ilrrat detail All Wt I0 of the following.
I All markets lend hiward A parr citing timid (AMC a !damage. odd be pie:sible to produce at a point not on the production possibilities curve. I he dr1111/111 hit nlI goixls increases as income increases. ti I lie .admire ul nurses could effect the number of teachers. b I he quantify demanded decreases as price increases. / I owe' priced goods arc always more price elastic than higher priced goods. X Advances in technology impact supply. I have not learned anything from reading the newspaper articles. I It l' XXXXXXXXXXNino and tires would have a positive cross price elasticity. pecialions iMpael demand but not supply. 1 I .11NI sit the grocery store would have a very high income elasticity of demand linnet and margarine would he considered complimentary goods. .1 I he market can provide all goods. fditcaillin has a positive externality.

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Robert · Accepted Answer

Q8.
FALSE
College education is a positive externality as its benefits are reaped by only by the person who is educated but by others around him and the economy as a whole. It is positive because education creates benefits, not costs for society.

In h toe u,Iteihet the ittilowttig statements arc true. false or uncertain. Explain your nnower In Ilrrat detail All Wt I0 of the following. I All markets lend hiward A parr citing timid (AMC a...

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