Multiple Choice
Which of the following statements is false?
A) A positive externality is internalized if the person that generated the externality incorporates into his or her own private cost-benefit calculations the external benefits that third parties receive.
B) Internalizing externalities is not the same as adjusting for externalities.
C) An externality has been completely internalized if the socially optimal output emerges.
D) Assigning property rights is one way to internalize externalities.
Correct Answer:
Verified
Correct Answer:
Verified
Q100: Exhibit 30-3<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6992/.jpg" alt="Exhibit 30-3
Q101: A side effect of an action that
Q102: When a good is nonexcludable, then individuals<br>A)will
Q103: A negative externality is internalized when _
Q104: If a negative externality exists, _ in
Q106: Exhibit 30-3<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6992/.jpg" alt="Exhibit 30-3
Q107: Marginal social costs are equal to<br>A)marginal private
Q108: When a professor announces to the class
Q109: The rivalry versus nonrivalry issue is<br>A)relevant to
Q110: The open lands in the early West