If you use your debit card to purchase a used Ford truck, you are using money primarily as

In economics, a firm that faces no competitors is referred to as _________________.

The tax you pay each year on your annual income is a

Children are taken to school by car instead of walking or using public transport is a ___________ externality. Fill in the blank write your answer all in lower case.

The demand curve for an individual monopolist:

True or False.  Government spending on research and development is strictly for scientific reasons.

True or False.  Private goods are produced through the market because they have rivalry (one’s use of a good makes it unavailable for others).

True or False.  When people barter double coincidence of wants must exist.

Suppose the following data describe output in two different years: Item Year 1 Year 2 Apples 20,000 @ 25¢ each 30,000 @ 30¢ each Bicycles 700 @ $800 each 650 @ $900 each Movie Rentals 10,000 @ $1.00 each 12,000 @ $1.50 each Compute nominal GDP in year 1 (Enter as a numeric value e.g. 100000)

A private gardener who lives in a housing community plants an assortment of beautiful plants in her front garden is a ___________ externality. Fill in the blank write your answer all in lower case.