Multiple Choice
A positive externality arises when a person engages in an activity that has
A) an adverse effect on a bystander who is not compensated by the person who causes the effect.
B) an adverse effect on a bystander who is compensated by the person who causes the effect.
C) a beneficial effect on a bystander who pays the person who causes the effect.
D) a beneficial effect on a bystander who does not pay the person who causes the effect.
Correct Answer:
Verified
Correct Answer:
Verified
Q126: At any given quantity, the cost of
Q215: Table 10-4 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1273/.jpg" alt="Table 10-4
Q216: Industrial policy aims to<br>A)reduce pollution by requiring
Q217: Negative externalities occur when one person's actions<br>A)cause
Q218: Figure 10-9 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1273/.jpg" alt="Figure 10-9
Q219: Suppose that beef producers create a negative
Q221: A positive externality occurs when<br>A)Jack receives a
Q222: Figure 10-12 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1273/.jpg" alt="Figure 10-12
Q223: The proposition that if private parties can
Q225: Figure 10-9 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1273/.jpg" alt="Figure 10-9