Why do U.S. economists commonly refer to externalities as an example of market failure?

A. firms that are required to pay social costs of externalities produce more
B. externalities present a case where markets consider all social costs
C. externalities present a case where markets only consider some social costs
D. firms avoid having to pay social costs of externalities by lowering prices


C. externalities present a case where markets only consider some social costs

Environmental & Atmospheric Sciences

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Which ranges for incoming light and UV radiation would be absorbed and scattered the most?

A) 0.2?0.3 microns B) 0.3?0.4 microns C) 0.4?0.5 microns D) 0.5?0.7 microns

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Define relative humidity and dew point, and then explain why the latter is a better indicator of water vapor content

What will be an ideal response?

Environmental & Atmospheric Sciences

What prevents the subduction of terranes?

A) The relative thin layer of crusts B) The low density C) The proximity from plate boundaries D) The compression of continental crusts

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Consulting government data and other scientific studies, Jasmine considers the different ways that she might commute to her job in downtown Toronto, Canada

She might walk 20 blocks or so through a busy downtown, which means crossing many city streets every day. If she drives a car to work, it could be difficult and dangerous in the traffic. Taking a bus might be best, but she once had her purse stolen on a bus and remains concerned about riding a bus again. As Jasmine considers her options, she is engaging in A) a cost-benefit analysis. B) a technical analysis. C) risk assessment. D) a tertiary calculation.

Environmental & Atmospheric Sciences