
Macroeconomics 20th Edition by Campbell McConnell ,Stanley Brue ,Sean Flynn
Edition 20ISBN: 978-0077660772
Macroeconomics 20th Edition by Campbell McConnell ,Stanley Brue ,Sean Flynn
Edition 20ISBN: 978-0077660772 Exercise 10
Match each of the following characteristics or scenarios with either the term negative externality or the term positive externality.
a. Overallocation of resources.
b. Tammy installs a very nice front garden, raising the property values of all the other houses on her block.
c. Market demand curves are too far to the left (too low).
d. Underallocation of resources.
e. Water pollution from a factory forces neighbors to buy water purifiers.
a. Overallocation of resources.
b. Tammy installs a very nice front garden, raising the property values of all the other houses on her block.
c. Market demand curves are too far to the left (too low).
d. Underallocation of resources.
e. Water pollution from a factory forces neighbors to buy water purifiers.
Explanation
a. Overallocation of resources implies t...
Macroeconomics 20th Edition by Campbell McConnell ,Stanley Brue ,Sean Flynn
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