A negative externality occurs when
A) there is rent-seeking.
B) benefits are imposed on individuals that are not part of a transactions.
C) there is creative destruction.
D) costs are imposed on individuals that are not part of a transaction.
Correct Answer:
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Q9: The use of government to supplant market
Q10: Government rules and regulations can, at times,
A)improve
Q11: When a positive externality is present
A)the market
Q12: Externalities occur when there is a lack
Q13: If there are no externalities present in
Q15: If the market is unable to allocate
Q16: Public goods
A)are products supplied by the government.
B)are
Q17: Chickens are not endangered because
A)there are clear
Q18: In the consumption of public goods
A)consumers can
Q19: Internalizing the externalities means that
A)all costs have
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