An externality is any activity for which an individual firm or consumer does not take into account all
A) of the ramifications of its actions on others.
B) associated costs.
C) associated benefits.
D) associated costs and benefits.
E) negative impacts on the economy.
Correct Answer:
Verified
Q25: A competitive equilibrium may fail to be
Q26: An example of a negative externality is
A)
Q27: A Pareto optimum is a point that
A)
Q28: Much of the writings of Adam Smith
Q29: A competitive equilibrium has the following property:
A)
Q31: The presence of a distorting tax on
Q32: A Pareto optimum requires
A) MPn = slope
Q33: The first fundamental theorem of welfare economics
Q34: The marginal rate of transformation is equal
Q35: An increase in government spending shifts the
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents