A negative externality is internalized when __________ until the socially optimum level of production is obtained.
A. supply shifts to the left
B. supply shifts to the right
C. demand shifts to the right
D. b and c
E. none of the above
Answer: A
You might also like to view...
According to the equation of exchange, the money supply times the velocity of money equals the
A) price level. B) growth rate of the money supply. C) real GDP. D) nominal GDP.
Unlike implicit costs, explicit costs
a. reflect opportunity costs b. include the value of the owner's time c. are not included in a firm's accounting statements d. are actual cash payments e. do not change as a firm's output changes
An increase in supply could be caused by a(n)
a. increase in price b. government-imposed price ceiling c. decrease in resource prices d. decrease in consumer incomes e. unfavorable shift in tastes and preferences
Recent data and analysis confirms that minimum wage laws have significantly increased teenage unemployment
a. True b. False Indicate whether the statement is true or false