Multiple Choice
External costs are partly caused by:
A) the law of diminishing returns.
B) economic incentives which prompt firms to use recycled inputs.
C) increase government regulation.
D) the growth of a modern economy.
Correct Answer:
Verified
Correct Answer:
Verified
Q6: External costs arise when:<br>A) Private costs are
Q7: The free-rider dilemma refers to a situation
Q8: Goals of macro intervention include full employment,economic
Q9: Which of the following is an economic
Q10: Which of the following is not considered
Q12: Table 9.2 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5714/.jpg" alt="Table 9.2
Q13: In a market economy,producers will produce the
Q14: Public goods:<br>A) Can be consumed by more
Q15: Income transfers are designed to address the
Q16: Market power is a form of market