Suppose a wallet firm has been dumping its wastes into the local river. The government finds out and insists that the firm pay for the cost of the river cleanup. As a result, we can expect:
a. more wallets to be produced at a lower price.
b. more wallets to be produced at a higher price.
c. fewer wallets to be produced at a lower price.
d. fewer wallets to be produced at a higher price.
e. the same number of wallets to be produced at a higher price.
Question 2
John paints the exterior of his house and, as a result, his neighbor Christine is able to sell her home for 5,000 more than she could have before. John's house painting:
a. creates a negative externality for Christine.
b. shows John is a free rider.
c. results in an efficient market outcome for both.
d. creates a positive externality for Christine.
e. was poorly done.
(c) snow in Nunavut, alter the local albedo, causing altered microclimates. High albedos are found
The World’s Muddiest River
Water vapor is supplied to the atmosphere by local evaporation or horizontal transport (advection).
Route for administrative of local anesthesia
Suppose a country imports televisions. The country's supply and demand curves are shown in ...
Suppose a country imports televisions. The country's supply and demand curves are shown in ...