This topic contains a solution. Click here to go to the answer

Author Question: Which of the following occurs when an externality is internalized? A) Higher social well-being ... (Read 22 times)

PhilipSeeMore

  • Hero Member
  • *****
  • Posts: 561
Which of the following occurs when an externality is internalized?
 
  A) Higher social well-being
  B) Higher private benefit
  C) Larger deadweight loss
  D) Higher returns to scale

Question 2

The above figure shows the U.S. market for replacement cell phone batteries. Suppose the U.S. government imposes the tariff illustrated in the figure. The tariff is equal to ________ and the price U.S.
 
  consumers pay ________ compared to the price paid when there was free trade. A) 2; decreases
  B) 14; decreases
  C) 2; increases
  D) 12; increases
  E) 14; increases



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

parker125

  • Sr. Member
  • ****
  • Posts: 332
Answer to Question 1

A

Answer to Question 2

C




PhilipSeeMore

  • Member
  • Posts: 561
Reply 2 on: Jun 29, 2018
Wow, this really help


LegendaryAnswers

  • Member
  • Posts: 341
Reply 3 on: Yesterday
:D TYSM

 

Did you know?

Side effects from substance abuse include nausea, dehydration, reduced productivitiy, and dependence. Though these effects usually worsen over time, the constant need for the substance often overcomes rational thinking.

Did you know?

Illness; diuretics; laxative abuse; hot weather; exercise; sweating; caffeine; alcoholic beverages; starvation diets; inadequate carbohydrate consumption; and diets high in protein, salt, or fiber can cause people to become dehydrated.

Did you know?

Oxytocin is recommended only for pregnancies that have a medical reason for inducing labor (such as eclampsia) and is not recommended for elective procedures or for making the birthing process more convenient.

Did you know?

The cure for trichomoniasis is easy as long as the patient does not drink alcoholic beverages for 24 hours. Just a single dose of medication is needed to rid the body of the disease. However, without proper precautions, an individual may contract the disease repeatedly. In fact, most people develop trichomoniasis again within three months of their last treatment.

Did you know?

Medication errors are three times higher among children and infants than with adults.

For a complete list of videos, visit our video library