Multiple Choice
A negative externality occurs when
A) costs of production are imposed on third parties.
B) costs of distribution are imposed on third parties.
C) benefits of the product are passed on to third parties.
D) both costs of distribution are imposed on third parties and benefits of the product are passed on to third parties.
Correct Answer:
Verified
Correct Answer:
Verified
Q11: Pollution is an example of<br>A)a positive externality.<br>B)a
Q12: The government sells permits that allow producers
Q13: External costs can be defined as<br>A)the difference
Q14: When a resource has no direct price<br>A)overuse
Q15: A system of pollution reduction that allows
Q17: Marginal costs born only by the producer
Q18: A negative to the command-and-control approaches to
Q19: When the market system does not generate
Q20: Pollution is defined as<br>A)the contamination of the
Q21: The main cause of pollution since the