Economists consider environmental pollution to be a(n)
a. externality.
b. pure public good.
c. allocatively efficient outcome.
d. public interest outcome.
a
You might also like to view...
The circular flow diagram implies that if accounting is done correctly, ________
A) the flow of income must exceed the implied value of the factors of production B) the implied value of the factors of production must exceed the flow of income C) the flow of expenditure must equal the income of the households making those expenditures D) the flow of expenditure must exceed the income of the households making those expenditures
Goods with small substitution effects tend to be normal goods.
Answer the following statement true (T) or false (F)
A limit on the dollar worth of oranges imported into the United States is an example of a quantity quota
a. True b. False Indicate whether the statement is true or false
Suppose a state has the following individual income tax structure.The first $20,000 that an individual earns is taxed at 5%. The next $30,000 is taxed at 10%. Any income exceeding $50,000 is taxed at 20%.Based on this tax structure, if a person's income is equal to $60,000 . his average tax rate is equal to:
a. 15% b. 10% c. 11.67% d. 20%