Unintended costs that are imposed upon third parties as a result of an economic activity are called
a. marginal costs
b. direct costs
c. negative externalities
d. positive externalities
e. positive costs
C
You might also like to view...
What is the substitution effect of a wage increase? What is the income effect of a wage increase? Explain under what conditions the labor supply curve will be upward sloping and when it will be downward sloping
What will be an ideal response?
Given that the firm offers both the products, what prices can it offer to motivate the two groups to profitably self-sort into buying the correct brand
a. No-name $60; High-end $100 b. No-name $50; High-end $100 c. No-name $50; High-end $90 d. No-name $60; High-end $90
Demand for inputs is a derived demand because
a. it is derived from the need for income. b. it corresponds to the derived supply of the inputs. c. producers want the input to produce the finished good. d. it is downward sloping.
If the U.S. government wants to increase the price of the dollar relative to the euro, it could buy euros with dollars in the foreign exchange market.
Answer the following statement true (T) or false (F)