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

Author Question: Externalities A) are not reflected in market prices, so they can be a source of economic ... (Read 45 times)

madam-professor

  • Hero Member
  • *****
  • Posts: 584
Externalities
 
  A) are not reflected in market prices, so they can be a source of economic inefficiency.
  B) do become reflected in market prices, so they can be a source of economic inefficiency.
  C) are not reflected in market prices, so they do not adversely affect economic efficiency.
  D) do become reflected in market prices, so they do not adversely affect economic efficiency.
  E) may or may not become reflected in market prices, but do not have an impact on economic efficiency in either event.

Question 2

Refer to Figure 14.1. The income effect of the wage increase on the amount of hours of leisure is:
 
  A) L0 to L2.
  B) L0 to L1.
  C) L1 to L2.
  D) L2 to L1.
  E) none of the above



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

wilsonbho

  • Sr. Member
  • ****
  • Posts: 322
Answer to Question 1

A

Answer to Question 2

A




madam-professor

  • Member
  • Posts: 584
Reply 2 on: Jul 1, 2018
Thanks for the timely response, appreciate it


connor417

  • Member
  • Posts: 329
Reply 3 on: Yesterday
:D TYSM

 

Did you know?

The most common childhood diseases include croup, chickenpox, ear infections, flu, pneumonia, ringworm, respiratory syncytial virus, scabies, head lice, and asthma.

Did you know?

The oldest recorded age was 122. Madame Jeanne Calment was born in France in 1875 and died in 1997. She was a vegetarian and loved olive oil, port wine, and chocolate.

Did you know?

In 1835 it was discovered that a disease of silkworms known as muscardine could be transferred from one silkworm to another, and was caused by a fungus.

Did you know?

Earwax has antimicrobial properties that reduce the viability of bacteria and fungus in the human ear.

Did you know?

Addicts to opiates often avoid treatment because they are afraid of withdrawal. Though unpleasant, with proper management, withdrawal is rarely fatal and passes relatively quickly.

For a complete list of videos, visit our video library