The social costs of an activity are greater than the private costs of the activity when
A) a person does not pay all costs associated with a particular resource-using activity.
B) the internal costs of the resource-using activity are less than the external costs of the activity.
C) the internal costs of the resource-using activity are positive.
D) the external costs of the resource-using activity are zero.
Answer: A
You might also like to view...
Higher tariffs and quotas cause a country's currency to ________ in the ________ run, everything else held constant
A) depreciate; short B) appreciate; short C) depreciate; long D) appreciate; long
An economy without monetary exchange is called
A) a primitive economy. B) a barter economy. C) a socialist economy. D) an autarky economy.
Refer to Figure 17-6 The domestic country is China.
Refer to Figure 17-6 With trade, China will
a. import 100 pencil sharpeners.
b. import 250 pencil sharpeners.
c. export 150 pencil sharpeners.
d. export 250 pencil sharpeners.
College graduates looking for jobs were less fortunate in 2010 than graduates in 2018.
Answer the following statement true (T) or false (F)