An example of ________ is a power plant generating water pollution.
A. a public good
B. a negative production externality
C. a positive production externality
D. the free-rider problem
Answer: B
Economics
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In the absence of externalities, the optimal distribution of resources occurs when production is at
a. P = MC b. P = ATC c. TR = TC d. MC = MR e. P = AFC
Economics
Poor health in developing countries encourages economic growth because working is a matter of life and death
a. True b. False Indicate whether the statement is true or false
Economics
The new $20 bills were designed with features to make counterfeiting more difficult
a. True b. False Indicate whether the statement is true or false
Economics
a competitive market is important to society because it directs resources toward projects that
What will be an ideal response?
Economics