Golf course developers who buy the land around the golf course they build are attempting to:
a. impose external costs on non-consenting third parties.
b. internalize external benefits
c. turn a private good into a public good.
d. internalize external costs.
b
You might also like to view...
One important difference between the international economy of today and the economy of 100 years ago is
A) that labor is so much more mobile. B) for the first time, technological innovations have reduced the barrier of distance. C) for the first time, capital is mobile. D) that price differences in different markets have narrowed. E) the presence of international bodies such as the IMF and World Bank.
Refer to the information provided in Figure 7.9 below to answer the question(s) that follow. 
Figure 7.9Refer to Figure 7.9. The slope of isocost CE is
A. -1/2. B. -1. C. -2. D. indeterminate from this information, as the prices of capital and labor are not given.
All of the following costs will vary depending on the geographic location of a firm's plant except which one?
A) U.S. corporate taxes B) traffic regulations involving large trucks C) wages D) land prices
Figure 10-7
?
?
Which of the diagrams in Figure 10-7 represents a period of economic growth and inflation?
A. (A) B. (B) C. (C) D. (D)