A good that has external costs associated with its production will be
A) produced at the optimal level.
B) underproduced.
C) overproduced.
D) not produced.
Answer: C
Economics
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Refer to Figure 12-11. If this is a constant-cost industry, what is the market price in the long-run equilibrium?
A) $5 B) $14 C) $15 D) $20
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Pieces of property that serve as a store of value are called
A) assets. B) units of account. C) liabilities. D) borrowings.
Economics
The effect of an increase in investment on real GDP will be greater, the larger the:
a. MPC. b. APC. c. MPS. d. APS.
Economics
Reducing class size will
A. improve student test scores. B. decrease student test scores. C. have no impact on student test scores. D. have an undetermined impact on test scores.
Economics