The consumption of water by local residents that may include pesticide runoff from local farmers' fields is an example of
a. market equilibrium.
b. market power.
c. externalities.
d. laissez-faire.
c
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Individual investors who always want to hold gold are known as:
A) goldfinger B) golden boys C) gold bugs D) goldilocks
If two individuals have identical schooling, their incomes will be equal.
Answer the following statement true (T) or false (F)
A government policy of providing free public education is an example of a policy to promote economic growth by:
A. increasing the availability of natural resources. B. increasing human capital. C. improving technology. D. increasing physical capital.
Which of the following is not a viewpoint of the self-interest theory of government?
A. Politicians and bureaucrats pursue their own interests rather than public interests. B. Politicians may have an incentive to gain renown by pursuing a public program the cost of which exceeds its benefits. C. Limitations on taxes and spending are considered as safeguards against the selfish behavior of government officials. D. Government officials are assumed to align their interests with public interests.