Suppose a state discovered chemical compounds in their water. The source of these chemicals is the waste discharges of industrial plants in another state. This is an example of a(n):
a. market failure where the market price of the output of these industrial plants does not fully reflect the social cost of producing these goods.
b. external cost imposed by the industrial plants of another state.
c. externality where the marginal social costs of producing these industrial goods differ from the marginal private costs.
d. all of these.
Question 2
Banks act as financial intermediaries by:
a. bringing together car buyers and auto dealers.
b. bringing together real estate brokers and home buyers.
c. printing money for all to use.
d. serving the credit needs of borrowers and the security needs of savers.
e. selling shares of stock to investors.
Organization of traditional source records
Crying Frequency in the Early Months In their first months of life, infants often cry for no appare
Example of the Table of Drugs and Chemicals.
Measles rash. (© Lowell Georgia/Science Source/Photo Researchers, Inc.)
Localizing the Source of High-Frequency Sounds
Schematic drawing of a permeation test cell used to measure the permeation rate of chemicals through ...