Multiple Choice
What is an externality?
A) A benefit realised by the purchaser of a good or service.
B) A cost paid for by the producer of a good or service.
C) A benefit or cost experienced by someone who is not a producer or consumer of a good or service.
D) Anything that is external or not relevant to the production of a good or service.
Correct Answer:
Verified
Correct Answer:
Verified
Q16: Suppose a negative externality exists in a
Q59: A product is considered to be excludable
Q114: Figure 15.3 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1015/.jpg" alt="Figure 15.3
Q116: Figure 15.6 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1015/.jpg" alt="Figure 15.6
Q117: Figure 15.7 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1015/.jpg" alt="Figure 15.7
Q120: Figure 15.11 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1015/.jpg" alt="Figure 15.11
Q122: An example, from the list below, of
Q166: A.C.Pigou argued that the government can deal
Q247: How does the construction of a market
Q254: Which of the following criteria should be