« previous next »

Author Question: External benefits cause the market to: a. underallocate resources. b. be more efficient. c. set ... (Read 123 times)

809779

  • Hero Member
  • *****
  • Posts: 579
on: Jun 30, 2018
External benefits cause the market to:
 a. underallocate resources. b. be more efficient.
  c. set excessively high prices. d. have persistent shortages.

Question 2

Why do negative externalities like pollution result in inefficiency?
 a. Because producers artificially restrict their supply.
  b. Because producers ignore the external costs they impose on third-parties.
  c. Because producers manufacture more goods than people can afford to buy.
  d. Because producers will receive an unequal distribution of profits.


AmberC1996

  • Sr. Member
  • ****
  • Posts: 317
Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

b


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

There are immediate benefits of chiropractic adjustments that are visible via magnetic resonance imaging (MRI). It shows that spinal manipulation therapy is effective in decreasing pain and increasing the gaps between the vertebrae, reducing pressure that leads to pain.

Did you know?

Once thought to have neurofibromatosis, Joseph Merrick (also known as "the elephant man") is now, in retrospect, thought by clinical experts to have had Proteus syndrome. This endocrine disease causes continued and abnormal growth of the bones, muscles, skin, and so on and can become completely debilitating with severe deformities occurring anywhere on the body.

Did you know?

Hyperthyroidism leads to an increased rate of metabolism and affects about 1% of women but only 0.1% of men. For most people, this increased metabolic rate causes the thyroid gland to become enlarged (known as a goiter).

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?

Human kidneys will clean about 1 million gallons of blood in an average lifetime.

Diverticulosis. Figure illustrates external and internal appearance of diverticula. Diverticulosis. Figure illustrates external and internal appearance of diverticula.
Range of Motion of the Hip Joint, Internal and External Rotation Range of Motion of the Hip Joint, Internal and External Rotation
Use an Automated External Defibrillator Use an Automated External Defibrillator
The exhaust gas recirculation system is more efficient at controlling NOx emissions if the exhaust ... The exhaust gas recirculation system is more efficient at controlling NOx emissions if the exhaust ...
Markets and Institutions Market Story Problem Markets and Institutions Market Story Problem
Benefits and costs of herbicide applications Benefits and costs of herbicide applications
Video: Introduction to Cystic Fibrosis

For a complete list of videos, visit our video library