Solved

When a Market Transaction Has a Beneficial Effect on Bystanders

Question 47

Multiple Choice

When a market transaction has a beneficial effect on bystanders who were not involved in the transaction, this effect is called:

A) an inverse externality.
B) a positive consequence.
C) nonmarket gains.
D) a positive externality.

Related Questions

Q42: The free-rider problem is most common when

Q43: (Figure: MSC and Supply Curves) Use the

Q44: The extra external cost imposed on bystanders

Q45: What conditions must be met for private

Q46: The extra external benefit accruing to bystanders

Q48: Which of the following is NOT a

Q49: External benefits are generated by garden supplies

Q50: Common resources have:<br>A)shared gains but private costs.<br>B)private

Q51: What step is omitted from the

Q52: Which of the following illustrates a positive