Author Question: What does the phrase internalizing an external cost mean? A) forcing producers to factor into ... (Read 37 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?

Approximately one in three babies in the United States is now delivered by cesarean section. The number of cesarean sections in the United States has risen 46% since 1996.

Did you know?

The National Institutes of Health have supported research into acupuncture. This has shown that acupuncture significantly reduced pain associated with osteoarthritis of the knee, when used as a complement to conventional therapies.

Did you know?

All patients with hyperparathyroidism will develop osteoporosis. The parathyroid glands maintain blood calcium within the normal range. All patients with this disease will continue to lose calcium from their bones every day, and there is no way to prevent the development of osteoporosis as a result.

Did you know?

Serum cholesterol testing in adults is recommended every 1 to 5 years. People with diabetes and a family history of high cholesterol should be tested even more frequently.

Did you know?

Your heart beats over 36 million times a year.

For a complete list of videos, visit our video library