Author Question: What does the phrase internalizing an external cost mean? A) forcing producers to factor into ... (Read 23 times)

pepyto

  • Hero Member
  • *****
  • Posts: 547
What does the phrase internalizing an external cost mean?
 
  A) forcing producers to factor into their production costs the cost of the externalities created in the production of their output
  B) finding a way to address cross-border pollution
  C) limiting the extent to which domestic firms can outsource production
  D) prohibiting economic activities that create externalities

Question 2

Refer to Table 2-10. Which of the following statements is true?
 
  A) Barney has a comparative advantage in making unicycles and Fred in making pogo sticks.
  B) Barney has a comparative advantage in making pogo sticks and Fred in making unicycles.
  C) Barney has a comparative advantage in making both products.
  D) Fred has a comparative advantage in making both products.



Smiles0805

  • Sr. Member
  • ****
  • Posts: 305
Answer to Question 1

A

Answer to Question 2

A



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Immunoglobulin injections may give short-term protection against, or reduce severity of certain diseases. They help people who have an inherited problem making their own antibodies, or those who are having certain types of cancer treatments.

Did you know?

Oliver Wendell Holmes is credited with introducing the words "anesthesia" and "anesthetic" into the English language in 1846.

Did you know?

Tobacco depletes the body of vitamins A, C, and E, which can result in any of the following: dry hair, dry skin, dry eyes, poor growth, night blindness, abscesses, insomnia, fatigue, reproductive system problems, sinusitis, pneumonia, frequent respiratory problems, skin disorders, weight loss, rickets, osteomalacia, nervousness, muscle spasms, leg cramps, extremity numbness, bone malformations, decayed teeth, difficulty in walking, irritability, restlessness, profuse sweating, increased uric acid (gout), joint damage, damaged red blood cells, destruction of nerves, infertility, miscarriage, and many types of cancer.

Did you know?

The training of an anesthesiologist typically requires four years of college, 4 years of medical school, 1 year of internship, and 3 years of residency.

Did you know?

Thyroid conditions may make getting pregnant impossible.

For a complete list of videos, visit our video library