Socially inefficient outcomes may occur in markets where there ...

[Deast7027]

Socially inefficient outcomes may occur in markets where there are:
 a. negative externalities present.
 b. asymmetric information problems present.
  c. positive externalities present.
 d. any of the above.

Question 2

A country has an absolute advantage over another if it can produce a good with fewer resources.
 a. True
  b. False
  Indicate whether the statement is true or false

[kilada]

Answer to Question 1

d

Answer to Question 2

True

[Deast7027]

Thanks for the timely response, appreciate it

[amandanbreshears]

Gracias!