An externality occurs when:
A) production of a good results in impacts external to the market
B) consumption of a good results in impacts external to the market
C) either A or B
D) neither A nor B
Correct Answer:
Verified
Q5: The environment is likely to lead to
Q6: The modern environmental movement was started by:
A)
Q7: Rachel Carson's book, "Silent Spring" was:
A) widely
Q8: The tragedy of the commons occurs when:
A)
Q9: To be efficiently used, a resource is:
A)
Q11: An externality can be:
A) positive
B) negative
C) both
Q12: Education is likely to be a:
A) positive
Q13: Marginal Revenue Product is:
A) additional money earned
Q14: Marginal Factor cost is:
A) additional cost of
Q15: Overutilization of a resource typically occurs:
A) when
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