This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Government invention is required to solve externality problems if ________. A) transaction costs ... (Read 57 times)

newbem

  • Hero Member
  • *****
  • Posts: 579
on: Jun 29, 2018
Government invention is required to solve externality problems if ________.
 
  A) transaction costs associated with private negotiations are low
  B) the number of people affected by the externality is small
  C) the number of people affected by the externality is large
  D) property rights are clearly defined

Question 2

If the government offers to pay wheat farmers 1 for every bushel of wheat they market next year, in addition to the market price, the price of wheat will be
 
  A) higher than it would otherwise have been.
  B) lower than it would otherwise have been.
  C) one dollar.
  D) the same as it would otherwise have been although wheat farmers will be better off.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

raili21

  • Sr. Member
  • ****
  • Posts: 324
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

B


newbem

  • Member
  • Posts: 579
Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

pratush dev

  • Member
  • Posts: 321
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

The Romans did not use numerals to indicate fractions but instead used words to indicate parts of a whole.

Did you know?

A headache when you wake up in the morning is indicative of sinusitis. Other symptoms of sinusitis can include fever, weakness, tiredness, a cough that may be more severe at night, and a runny nose or nasal congestion.

Did you know?

As many as 28% of hospitalized patients requiring mechanical ventilators to help them breathe (for more than 48 hours) will develop ventilator-associated pneumonia. Current therapy involves intravenous antibiotics, but new antibiotics that can be inhaled (and more directly treat the infection) are being developed.

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Did you know?

Patients who cannot swallow may receive nutrition via a parenteral route—usually, a catheter is inserted through the chest into a large vein going into the heart.

Energy costs of locomotion. Energy costs of locomotion.
In the summer of 1793, a yellow fever epidemic struck Philadelphia, killing nearly 4,000. Tens of th In the summer of 1793, a yellow fever epidemic struck Philadelphia, killing nearly 4,000. Tens of th
How to solve exponential equations with base e How to solve exponential equations with base e
Government Corruption versus GDP per Capita, 2009 Government Corruption versus GDP per Capita, 2009
Linear programming problems Linear programming problems
The constitutional division of Powers Between the National Government and the States The constitutional division of Powers Between the National Government and the States
Video: Tuberculosis Testing

For a complete list of videos, visit our video library