Multiple Choice
Which of the following is an example of an externality?
A) The reduction in health risks when Tom's family receives a measles vaccine
B) Robert's purchase of a new car
C) A firm's investment of new computer technology
D) Eric's choice to buy a new lawn mower
Correct Answer:
Verified
Correct Answer:
Verified
Q12: Only economists and other "social" scientists have
Q13: To an economist, theory can be thought
Q14: Market-based policies are effective methods that the
Q15: When economists are critical of government regulations
Q16: A theory is an abstraction used often
Q18: Using economic theory to analyze policy issues<br>A)is
Q19: Slope is measured as run/rise.
Q20: In the early 1800s, there was a
Q21: Individuals will have different value judgments about
Q22: Economists use models in order to<br>A)experiment with