« previous next »

Author Question: If there are important spillover benefits from consumption of a good, a. government should prohibit ... (Read 22 times)

newyorker26

  • Hero Member
  • *****
  • Posts: 536
on: Jun 30, 2018
If there are important spillover benefits from consumption of a good,
 a. government should prohibit its production.
 b. taxes should be imposed on producers of the product.
 c. the market demand curve for the good understates the value of the product to society and resources are therefore underallocated to its production.
  d. the market demand curve for the good overstates the value of the product to society and resources are therefore overallocated to its production.

Question 2

Comparative advantage occurs when a person or a country can produce a good or service at a lower ____ than others.
 a. fixed cost
 b. variable cost
 c. opportunity cost
  d. total cost


duke02

  • Sr. Member
  • ****
  • Posts: 312
Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

c


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Patients should never assume they are being given the appropriate drugs. They should make sure they know which drugs are being prescribed, and always double-check that the drugs received match the prescription.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates’s recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

More than 2,500 barbiturates have been synthesized. At the height of their popularity, about 50 were marketed for human use.

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Did you know?

Adult head lice are gray, about ? inch long, and often have a tiny dot on their backs. A female can lay between 50 and 150 eggs within the several weeks that she is alive. They feed on human blood.

The medical assisting profession offers many settings in which to pursue your career. Good communica The medical assisting profession offers many settings in which to pursue your career. Good communica
It is important to act concerned when a patient is upset. It is important to act concerned when a patient is upset.
Determining a good table height. Stand facing the table with your hands at your sides. Adjust the ... Determining a good table height. Stand facing the table with your hands at your sides. Adjust the ...
Global energy consumption is rising rapidly Global energy consumption is rising rapidly
Specific Nutrients and Behaviors Are Important during the First Trimester Specific Nutrients and Behaviors Are Important during the First Trimester
Presidential success under unified and divided government, from Eisenhower to trump Presidential success under unified and divided government, from Eisenhower to trump
Video: Enzyme structure - Properties of enzymes

For a complete list of videos, visit our video library