Many detrimental externalities occur because
a. persons do not pay the full social cost of using a resource.
b. persons do not pay the full private cost of using a resource.
c. companies do not pay the market price for natural resources.
d. companies pay more than the full social cost of using a resource.
a
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The year in which euro coins and paper currency were introduced and participating "euro zone" countries withdrew old domestic currencies from circulation was
A) 2007. B) 2002. C) 1999. D) 1995.
Which of the following is most likely to lead to inflationary monetary policy?
A) declining oil prices B) resolution of conflict in the Middle East C) the enactment of a free-trade agreement with Mexico D) rising unemployment
The required stock return an investor seeks can best be represented by which of the following?
A. Risk-free Return + Risk Premium B. Risk Premium - Risk-free Return C. Risk-free Return × Risk Premium D. (Risk-free Return + Risk Premium)/(1 + i)
If your taxable income is $50,000, your average tax rate is
A. 8 percent.
B. 12 percent.
C. 16 percent.
D. 20 percent.