Author Question: Global warming, which causes unfavorable climatic changes due to the burning of fossil fuels, would ... (Read 167 times)

DelorasTo · **on:** Jun 30, 2018

Global warming, which causes unfavorable climatic changes due to the burning of fossil fuels, would be an example of a(n):
a. positive externality.
b. negative externality.
c. internalized externality.
d. Coase externality.

Question 2

Absolute advantage is irrelevant, because knowing the absolute number of labor hours required to produce a good does not tell us if we can benefit from trade.
a. True
b. False
Indicate whether the statement is true or false