The first step toward reducing negative externalities or maintaining them within acceptable bounds, according to the argument of the textbook, is
A) constructing an exhaustive list of all negative externalities.
B) creating a central planning authority for negative externalities.
C) cultivating such civic virtues as courtesy and tolerance.
D) halting population growth.
E) prohibiting activities whose costs are greater than their benefits.
C
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Herb's Inc has a large share of its market and is tempted to collude with the few firms that are in its market. Herb's operates in
A) an oligopoly. B) a monopolistically competitive market. C) a monopoly market. D) a perfectly competitive market. E) a collusively protected market.
The ____ is at the center of the market process
A) managers B) shareholders C) entrepreneur D) none of these choices.
All of the following are examples of public goods that government has assumed responsibility for over the years except
a. national parks b. interstate highways c. sewage systems d. street lighting e. stock exchanges
Suppose Country A and Country B are each other's only trading partners. Country A exports more goods and services to Country B than it imports from it. Which of the following statements is true of the given scenario? a. The GDP of Country A will be positively affected by this trade relationship, while the GDP of Country B will be negatively affected by it. b. The GDP of Country A will be
negatively affected by this trade relationship, while the GDP of Country B will be positively affected by it. c. The GDP of both countries will increase as an effect of this trade relationship. d. The GDP of both countries will decrease as an effect of this trade relationship.