Internalizing the externalities means that
A) all costs have been accounted for.
B) all costs and benefits have been accounted for.
C) all benefits have been accounted for.
D) free-riders have paid a tax to the government.
Correct Answer:
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Q14: A negative externality occurs when
A)there is rent-seeking.
B)benefits
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
Q20: Corruption
A)can create certainty
B)is only a problem found
Q21: Negative externalities lead to over supply in
Q22: People can be excluded from consuming public
Q23: If government intervention in the market creates
Q24: Adverse selection and moral hazard are not
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