Private benefits are those benefits that accrue:
A) indirectly to the decision maker of a market exchange.
B) directly to the decision maker of a market exchange.
C) without compensation to someone other than the person who caused them.
D) to third parties without direct government intervention.
Correct Answer:
Verified
Q5: A benefit that accrues without compensation to
Q6: If people took external costs like pollution
Q7: Social costs are:
A) private costs plus external
Q8: Benefits that accrue directly to the decision
Q9: All externalities:
A) are harmful to society and
Q11: If people took external costs like pollution
Q11: External costs and external benefits are collectively
Q12: External benefits are those that accrue:
A) directly
Q14: We call costs that fall directly on
Q15: The effect that an additional user of
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