Multiple Choice
An externality refers to the idea that
A) explicit costs differ from implicit costs.
B) decision-makers do not internalize all the costs.
C) we cannot do anything that does not affect other people.
D) private and internal costs differ.
Correct Answer:
Verified
Correct Answer:
Verified
Q103: Suppose people value clean air more as
Q104: Your neighbor has just planted some fragrant
Q105: The most efficient way to get firms
Q106: The trade-off of saving the spotted owls
Q107: The optimal quantity of air pollution is<br>A)
Q109: The marginal benefit of pollution abatement is
Q110: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -Refer to the
Q111: When no one owns a particular resource<br>A)
Q112: John raises bees to pollinate his orchard.
Q113: Private costs are the same as<br>A) implicit