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Author Question: A marginally attached worker is a person who ________. A. works part time for economic reasons ... (Read 146 times)

brutforce

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on: Jun 29, 2018
A marginally attached worker is a person who ________.
 
  A. works part time for economic reasons
  B. works part time for noneconomic reasons
  C. doesn't work, is available and willing to work, but hasn't looked for job recently
  D. has no job but would like one and has gone back to school to retrain

Question 2

If the production of a particular good causes a negative externality, would the equilibrium quantity in a competitive market be less than the efficient quantity or would it be greater than the efficient quantity?
 
  What will be an ideal response?


TheDev123

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C Answer C is essentially the definition of a marginally attached worker.

Answer to Question 2

The marginal social cost of a good with negative externalities is greater than its marginal private cost. Since firms consider the marginal private cost of a good, more of the good is produced than is socially desirable.


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