Multiple Choice
Why would Adam Smith love Uber?
A) It was hard to hail a cab in Edinburgh, Scotland during his lifetime.
B) It decreases competition and increases the price.
C) It makes it easier for governments to regulate the taxi industry.
D) It a disruptive technology and increases consumer well-being.
Correct Answer:
Verified
Correct Answer:
Verified
Q208: If an externality is present in a
Q209: What does the tenth principle of economics
Q210: With the understanding that people respond to
Q211: What is an example of an externality?<br>A)
Q212: In economics, what is the cost of
Q213: What happens when government policies are being
Q214: What does the saying "There is no
Q216: Productivity is defined as the quantity of
Q217: Which term refers to a single entity
Q218: What term refers to a situation in