Multiple Choice
Which of the following activities, if any, represents an external cost?
A) The reduction in the incidence of chicken pox when children are inoculated against the disease.
B) The damage to a person's health from secondhand smoke.
C) The increase in local property values when the city creates a neighborhood park.
D) The price you pay for the prime rib that you consume at a local restaurant.
Correct Answer:
Verified
Correct Answer:
Verified
Q4: Pollution abatement is likely to be most
Q5: Which of the following describes an external
Q6: The Coase theorem holds well in situations
Q7: When the production or consumption of a
Q8: Which of these statements is not true
Q10: When a good is nonrivalrous in consumption,
Q11: What are the external costs and external
Q12: Technology spillovers are examples of negative externalities.
Q13: Which of the following observations concerning pollution
Q14: Forms of free riding behavior<br>A)Always leads to