If a good that generates negative externalities were priced to take these negative externalities into account, then its:
A. Price would decrease and its output would increase
B. Output would increase but its price would remain constant
C. Price would increase and its output would decrease
D. Price would increase but its output would remain constant
C. Price would increase and its output would decrease
You might also like to view...
If the world supply curve is SW0,
A. there is a trade deficit. B. trade is in balance. C. there is a trade surplus. D. there is no trade.
Cyclical unemployment is a consequence of:
What will be an ideal response?
________ will lead to an increase in the gross domestic product of a country, all other variables remaining unchanged
A) An increase in expenditure incurred by the government B) A fall in the expenditure on consumption C) An increase in imports D) A fall in the expenditure on investment goods
The figure above shows a perfectly competitive firm. If the market price is $40 per unit, then the firm produces ________ units and makes an economic profit that is ________
A) more than 45; more than $400 B) 40; more than $400 C) 40; less than $400 D) 30; equal to zero E) 30; more than $250