When a person can pass some of her costs of using a resource on to someone else,
A) the use of the resource is not affected by her actions.
B) the internal costs of using the resource exceed the private costs.
C) she uses too much of the resource.
D) she uses too little of the resource.
Answer: C
You might also like to view...
Which of the following is one of the chief reasons for the change in the participation rate of married women in the U.S. workforce?
The wage rate is the price of a unit of labor. What happens to the demand for labor if the wage rate increases?
A. It increases. B. It decreases. C. It does not change. D. Uncertain-economic theory has no answer to this question.
In the foreign exchange market, what factor leads to a movement along the demand curve for dollars?
What will be an ideal response?
Refer to Figure 3-7. Assume that the graphs in this figure represent the demand and supply curves for women's clothing. Which panel best describes what happens in this market when the wages of seamstresses rise?
A) Panel (a) B) Panel (b) C) Panel (c) D) Panel (d)