When negative externalities are present, it means that:
A. individuals don't take into account all the costs associated with their market choice.
B. society bears part of the cost borne of private transactions.
C. production and consumption is above the socially optimal level.
D. All of these statements are true.
D. All of these statements are true.
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It is argued that global trade tends to be more important to countries with smaller economies than the U.S. Is this empirically verified?
What will be an ideal response?
If the cost of a typical basket of goods in the U.S. is $100 and in Mexico it is 800 pesos, and the nominal exchange rate is 25 pesos per dollar, what is the real exchange rate?
A. 0.33. B. 1.33. C. 1.50. D. 3.13.
A rise in the price of an input can be expected to lead to a rise in its marginal physical product
a. True b. False Indicate whether the statement is true or false
Which of the following countries had the highest rate of growth of output per worker between 1985 and 2014?
A) France B) Japan C) United States D) United Kingdom