Which of the following is a problem that keeps people from privately solving externality problems?
a. Each party involved holds out for a better deal.
b. The externality is large.
c. Only problems with a sufficiently large number of parties can be solved.
d. There is a lack of government intervention.
a
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The formula for the computation of labor productivity is
A) nominal GDP/number of workers. B) real GDP/number of workers. C) nominal GDP/population. D) real GDP/population.
Use the information below to explain adjustments that move the economy to a long-run equilibrium. Assume that firms and workers have adaptive expectations
The current unemployment rate = 7%. The natural rate of unemployment = 5.5%. Last year's inflation rate = 5%. This year's inflation rate = 4%.
The rate of growth of our money supply is controlled by
A. the president. B. Congress. C. the Federal Reserve. D. the United States Treasury.
Discuss some of the general conclusions arrived at about supply-side tax initiatives.
What will be an ideal response?