Economists believe that externalities can be remedied by market methods.
Answer the following statement true (T) or false (F)
True
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What is the role of value judgments in economic analysis?
What will be an ideal response?
In the Battle of the Sexes game, Man likes to go to watch football, while Woman likes to go to the mall. Both of them would rather go together than go alone. They decide to show up to one of these places without contacting each other. A game like this will have
A. no Nash equilibrium strategies. B. one dominant strategy for both the players. C. a Nash equilibrium in mixed strategies. D. a dominant strategy for Man and none for Women.
A financial asset is considered ________ if it can be sold in a secondary market
A) a commodity B) a security C) a liability D) durable
The marginal social benefit of pollution is the incremental benefit to society from producing one more unit of pollution.
Answer the following statement true (T) or false (F)