Multiple Choice
An external benefit occurs when
A) some of the benefits derived from the production or consumption of some good or service are enjoyed by a third party.
B) the production or consumption of some good or service inflicts costs on a third party without compensation.
C) private costs exceed social costs.
D) private benefits exceed private benefits.
Correct Answer:
Verified
Correct Answer:
Verified
Q207: Who said,"It is not the employer who
Q208: Capital is _<br>A)the crucial element in every
Q209: Which of the following statements is true?<br>A)Taxing
Q210: Which of the following statements is true?<br>A)When
Q211: The U.S.distribution system is<br>A)identical to that of
Q213: According to the circular flow diagram,in return
Q214: Karl Marx believed in all of the
Q215: One of the characteristics of a command
Q216: A $3 increase in the federal gasoline
Q217: Lowering the level of pollution to very