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Question
Clean air becomes polluted because
a. it is a private good.
b. no one owns the air.
c. it is a club good.
d. the air is owned by private corporations.
e. the air is owned by the government.
Answer
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Related questions
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The city decides to offer a subsidy to each homeowners association that plants more flowers in their common areas. In the market for flowers, this will cause the
a. supply curve to shift to the left.
b. supply curve to shift to the right.
c. demand curve to shift to the left.
d. demand curve to shift to the right.
e. the supply curve to shift to the left and the demand curve to shift to the right.
Q:
The market works efficiently in the absence of externalities if the good is
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b. nonrival and nonexcludable.
c. rival and nonexcludable.
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Which rule would NOT protect fish populations?
a. limiting the length of the fishing season
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Q:
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Q:
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a. black market for a market price that is higher.
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c. effort to eliminate a surplus of the good.
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Q:
A market where exchanges occur despite price regulations is called a(n) ________ market.a. hidden b. noncompetitive c. blackd. prohibitede. outlaw
Q:
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a. will never be able to negotiate to correct a negative externality.
b. can always negotiate to correct a negative externality.
c. can negotiate to correct a negative externality if there are no barriers to negotiation.
d. can negotiate to correct a negative externality if the government passes a law allowing them to do so.
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Q:
External benefits arise from the actions of
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Q:
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b. The socially optimal quantity exchanged is less, not greater, than at market equilibrium.
c. The externality affects the demand curve rather than the supply curve.
d. The externality benefits third parties rather than harming them.
e. The externality becomes internalized without government action.
Q:
Consider the accompanying figure to answer the following questions.When a positive externality exists, which point best identifies the social optimum?a. A b. B c. Cd. De. either A or D
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When people elect to spend more years in school, this results in a ________ externality because there are ________ associated with this decision.a. negative; internal costs b. negative; external costs c. positive; external benefitsd. positive; external costse. positive; internal benefits
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