Multiple Choice
Which of the following is a TRUE statement?
A) Any property right system will yield a situation in which all externalities are internalized.
B) Voluntary agreements can always yield a situation in which all externalities are internalized.
C) Opportunity costs always exist with whoever has property rights.
D) Opportunity costs turn external costs into social costs.
Correct Answer:
Verified
Correct Answer:
Verified
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Q2: To totally internalize an externality, a government
Q3: If the social costs of refining oil
Q5: When a person does NOT have to
Q6: Which of the following statements is TRUE
Q7: The sum of internal and external costs
Q8: An externality that is NOT fully paid
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