Efficient solutions to solving externality problems:
A. decrease surplus for everyone in society.
B. are not always supported in political arenas.
C. are always supported by the government.
D. increase surplus for everyone in society.
Answer: B
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The table below shows a pizzeria's fixed cost and variable cost at different levels of output. Pizza's sell for $20 each.Number ofPizzas Per DayFixed Cost($/Day)Variable Cost($/Day)050002550015050500250755004501005008501255001,650When the pizzeria makes 125 pizzas per day, its total revenue is:
A. $2,500 B. $125 C. $1,250 D. $20
How does the interest paid on reserves set a floor for the federal funds rate?
What will be an ideal response?
Using the above table, the market clearing price is ________ and equilibrium quantity is ________
A) $55; 80 B) $60; 150 C) $70; 150 D) $150; 150
Like private borrowers, governments
A. can raise taxes to pay off their debts. B. have to pay interest on their debts. C. regulate the industries through which they borrow. D. do not, in the long run, have to pay back their debts.