Suppose a state discovered chemical compounds in their water. The source of these chemicals is the waste discharges of industrial plants in another state. This is an example of a(n):
a. market failure where the market price of the output of these industrial plants does not fully reflect the social cost of producing these goods.
b. external cost imposed by the industrial plants of another state.
c. externality where the marginal social costs of producing these industrial goods differ from the marginal private costs.
d. all of these.
Question 2
Banks act as financial intermediaries by:
a. bringing together car buyers and auto dealers.
b. bringing together real estate brokers and home buyers.
c. printing money for all to use.
d. serving the credit needs of borrowers and the security needs of savers.
e. selling shares of stock to investors.
Energy flow and chemical recycling in ecosystems.
Chemical structures of hexoses
Chemical structure of lipids
Cultural Variations in the Strange Situation Across cultures, most toddlers exhibit secure attachme
Eggs are an excellent source of protein, but egg yolks are high in cholesterol
Water Molecule