Answer: more; externality; market power.
Explanation:
Bakers are much (more) likely to supply pastries to the market if property rights are not enforced.
a. A manufacturing plant dumps chemical waste into a nearby river, poisoning the water supply for a small town downstream. - Externality
Externality, refers to the benefit s or costs that someone else incurs based on the economic decision of another person. In this case, this is a negative externality as the small town bears the cost of the production activities of the company.
b. A single public utilities company is responsible for supplying electricity for an entire state. As a result, the utilities company can set the price of electricity - Market power
Market power is when a firm is able to dictate the price and can then raise the price. This brings about the reduction in output as well. Since the single public utilities company is responsible for supplying electricity for an entire state, the company is enjoying monopoly power or market power.
Answer:
The correct answer is option c.
Explanation:
The aggregate production function shows the relationship between the total economic output and the amount of inputs used.
Keeping other things constant, an increase in the stock of capital will cause the the production function to move upwards. This shows that the economy will be able to produce more output.
Spending on capital goods, inventories, and structures, including the building of new homes, is considered investment for the purposes of computing GDP.
A country's gross domestic product (GDP) is the sum of the market capital goods values of all the finished products and services produced within its borders during a certain time period. It serves as a thorough assessment of a particular country's economic health as a wide indicator of entire domestic production.
While GDP is frequently estimated on an annual basis, it is also occasionally calculated on a quarterly basis. In the capital goods United States, for instance, the government produces an annualized GDP estimate for both the calendar year and each fiscal quarter. Since each set of data in this report is presented in actual terms, price changes are taken into account and the data is therefore net of inflation.
Learn more about GDP here
brainly.com/question/15682765
#SPJ4
The complete question is
For the purpose of calculating GDP, investment is spending on
a. stocks, bonds, and other financial assets.
b. real estate and financial assets.
c new capital equipment, inventories, and structures, including new house construction.
d. All of the above.