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Question
The air is a ________ good.
a. private
b. public
c. club
d. common-resource
e. government
Answer
This answer is hidden. It contains 61 characters.
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
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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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Which rule would NOT protect fish populations?
a. limiting the length of the fishing season
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Q:
The tragedy of the commons occurs for goods that area. rival and excludable. b. rival and nonexcludable. c. nonrival and nonexcludable.d. nonrival and excludable.e. never produced by the government.
Q:
The quantity produced of a common-resource good is likely to deviate from the socially optimal quantity because
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Q:
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Q:
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Q:
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b. can always negotiate to correct a negative externality.
c. can negotiate to correct a negative externality if there are no barriers to negotiation.
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Q:
Clean air becomes polluted because
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External benefits arise from the actions of
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b. The socially optimal quantity exchanged is less, not greater, than at market equilibrium.
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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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