Refer to the above figures. An external benefit exists. This will lead to a(n)
A) underproduction equal to Q1 minus Q2.
B) overproduction equal to Q4 minus Q3.
C) underproduction equal to Q4 minus Q3.
D) overproduction equal to Q1 minus Q2.
C
You might also like to view...
Since 1960
A) in every decade, Japan has experienced faster growth than the United States. B) growth rates in South American countries have exceeded those in North America. C) real GDP per person in Hong Kong and Singapore have grown and are approaching or surpassing that in the United States. D) due to rapid growth, real GDP per person in China is now about 50 percent of that in the United States.
What alternative to restrictions on capital inflows do some economists recommend to minimize the possibility of increased lending booms and risk taking by domestic banks?
What will be an ideal response?
Bill is an accountant for a small machine shop. His boss has asked him to calculate the shop's total fixed cost. Which method will give Bill the correct answer?
a. subtracting marginal cost from total cost b. calculating the product of average total cost and quantity c. determining what the shop would pay for if they produced zero output d. adding the total variable cost to the total cost e. subtracting total variable cost from total revenue
Which of the following is an example of an efficiency-equity trade-off faced by economic agents?
A) According to an article by in the American Journal of Public Health by Edward Kaplan and Michael Merson of Yale University School of Medicine, the federal government's current method of allocating HIV-prevention resources is not cost-effective. Instead of allocating resources to states in proportion to reported AIDS cases, resources should flow first to those activities that prevent more infections per dollar and then to less and less effective combinations of programs and populations until funds are exhausted, even if it means that some populations would be left without any prevention services. B) Concerned about the falling birth rate, the French government has pledged more money for families with three children, in an effort to encourage working women to have more babies. C) Some U.S. colleges are actively recruiting foreign students for their technology-based programs. D) All New York City art museums are considering adopting a free-admission policy for local residents one weekend per month.