Author Question: What does the phrase internalizing an external cost mean? A) forcing producers to factor into ... (Read 67 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?

According to the Migraine Research Foundation, migraines are the third most prevalent illness in the world. Women are most affected (18%), followed by children of both sexes (10%), and men (6%).

Did you know?

The B-complex vitamins and vitamin C are not stored in the body and must be replaced each day.

Did you know?

More than 20 million Americans cite use of marijuana within the past 30 days, according to the National Survey on Drug Use and Health (NSDUH). More than 8 million admit to using it almost every day.

Did you know?

Many people have small pouches in their colons that bulge outward through weak spots. Each pouch is called a diverticulum. About 10% of Americans older than age 40 years have diverticulosis, which, when the pouches become infected or inflamed, is called diverticulitis. The main cause of diverticular disease is a low-fiber diet.

Did you know?

Elderly adults are living longer, and causes of death are shifting. At the same time, autopsy rates are at or near their lowest in history.

For a complete list of videos, visit our video library