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.
Correct Answer:
Verified
Q16: In a competitive equilibrium all these relationships
Q17: Fiscal policy refers to a government's choices
Q18: A competitive equilibrium is a state of
Q19: A relationship that shows the technological possibilities
Q20: In the one-period competitive model we have
Q22: The PPF determines
A) all possible outcomes for
Q23: PPF is the
A) price parity formula.
B) possible
Q24: A competitive equilibrium is Pareto optimal if
Q25: The rate at which one good can
Q26: The concept of Pareto optimality is a
A)
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