Externalities tend to occur because decision makers consider _____ and do NOT consider _____.
A) their own needs as most important; the fact that others also have needs
B) their own income as limitless; their income as limited
C) the welfare of others; their own welfare
D) their own costs and benefits; the effects of their actions on others
Correct Answer:
Verified
Q6: A negative externality is:
A)a side effect of
Q7: When a market transaction has a beneficial
Q8: Which of the following illustrates a positive
Q9: Which of the following is an example
Q10: Why are externalities considered a cause of
Q12: An externality is NOT:
A)an unintended impact on
Q13: A price change will NOT cause:
A)a change
Q14: Why is a price change NOT an
Q15: Which of the following statements supports the
Q16: Which of the following describes a situation
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