
Economic Analysis of Social Issues 1st Edition by Alan Grant
Edition 1ISBN: 978-0134098371
Economic Analysis of Social Issues 1st Edition by Alan Grant
Edition 1ISBN: 978-0134098371 Exercise 19
Since World War II, antibiotics have been available for use in treating bacterial infections. Increased antibiotic use has caused some antibiotic-resistant strains to evolve. Antibiotic resistance is a(n) _________ of antibiotic usage.
A) Transactions Cost
B) Negative Externality
C) Explicit Cost
D) Deadweight Loss
A) Transactions Cost
B) Negative Externality
C) Explicit Cost
D) Deadweight Loss
Explanation
Negative externality is the spillovers o...
Economic Analysis of Social Issues 1st Edition by Alan Grant
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