A cost that arises from the production or consumption that falls on someone other than the producer or consumer is called
A) a negative benefit.
B) a public choice impact.
C) a positive externality.
D) a negative externality.
E) a private good.
D
You might also like to view...
When there is a positive externality in a free market, too much of the good is produced and consumed
Indicate whether the statement is true or false
Which of the following can be a valid reason for Canada's GDP exceeding its GNP in 2001?
a. Net factor income from abroad in Canada was negative. b. Canada's GNP measurements were flawed. c. Canada's indirect business taxes were exceptionally high. d. The World Bank underestimated Canada's net exports. e. Canada's residents received more foreign aid than they could spend.
The 1930s were a period of
a. strong economic expansion and rapid growth of real output. b. high rates of inflation coupled with a low rate of unemployment. c. depressed economic conditions and prolonged high rates of unemployment. d. strong growth of real output even though the general level of prices was declining.
A recent study of the Canadian health care system estimates that a significant portion of the difference between health care spending in the U.S. and Canada is due to age differences between the two populations. Other reasons for lower health care spending in Canada include:
a. comprehensive first dollar coverage for all medically necessary health care services. b. better access to advanced medical imaging in Canada. c. is the geographic isolation of much of the Canadian population, which is a natural deterrent to accessing medical services. d. the monopsony power of the Canadian provincial health plans in negotiating fees with physicians' associations and other providers. e. significant excess capacity of inpatient beds in the Canadian hospital system.