External benefits are those that accrue:
A) directly to the decision maker of a market exchange.
B) indirectly to the decision maker of a market exchange.
C) without compensation to someone other than the person who caused it.
D) to the government without its direct intervention.
Correct Answer:
Verified
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
Q10: Private benefits are those benefits that accrue:
A)
Q11: If people took external costs like pollution
Q11: External costs and external benefits are collectively
Q14: We call costs that fall directly on
Q15: The effect that an additional user of
Q16: A network externality is:
A) a direct effect
Q17: Markets fail to maximize total surplus when:
A)
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