Multiple Choice
_____ is a problem that causes the market economy to deliver an outcome that does not maximize efficiency.
A) Internalities
B) Externalities
C) Moral hazard
D) Market failure
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q35: Suppose your neighbor enjoys riding around his
Q36: The purchase of coal by a utility
Q37: Suppose your neighbor decides to secure his
Q38: If plumes of exhaust from passing buses
Q39: The success of the Coase theorem depends
Q41: Someone else playing music loudly on the
Q42: To maximize social welfare,which of the following
Q43: When firms in a polluting industry have
Q44: Without government intervention,it is _ true that
Q45: If utilities pollute the air too much