This topic contains a solution. Click here to go to the answer

Author Question: Externalities are the unintended negative (or in some cases positive) consequences that an economic ... (Read 124 times)

Zulu123

  • Hero Member
  • *****
  • Posts: 525

Externalities are the unintended negative (or in some cases positive) consequences that an economic transaction
  between two parties can have on some third party.


 
 

a. True
  b. False



Question 2

According to Keith Davis, in addition to considering potential profitability, a business must weigh the long-range
  social costs of its activities as well. Only if the overall benefit to society is positive should business act.


 
 

a. True
  b. False




Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

millet

  • Sr. Member
  • ****
  • Posts: 354
Answer to Question 1

True

Answer to Question 2

True




Zulu123

  • Member
  • Posts: 525
Reply 2 on: Jun 19, 2018
Great answer, keep it coming :)


scikid

  • Member
  • Posts: 300
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

Did you know?

The first-known contraceptive was crocodile dung, used in Egypt in 2000 BC. Condoms were also reportedly used, made of animal bladders or intestines.

Did you know?

Though the United States has largely rejected the metric system, it is used for currency, as in 100 pennies = 1 dollar. Previously, the British currency system was used, with measurements such as 12 pence to the shilling, and 20 shillings to the pound.

Did you know?

The average older adult in the United States takes five prescription drugs per day. Half of these drugs contain a sedative. Alcohol should therefore be avoided by most senior citizens because of the dangerous interactions between alcohol and sedatives.

Did you know?

Approximately one in four people diagnosed with diabetes will develop foot problems. Of these, about one-third will require lower extremity amputation.

Did you know?

The most dangerous mercury compound, dimethyl mercury, is so toxic that even a few microliters spilled on the skin can cause death. Mercury has been shown to accumulate in higher amounts in the following types of fish than other types: swordfish, shark, mackerel, tilefish, crab, and tuna.

For a complete list of videos, visit our video library