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Author Question: If a new shopping center forces a local government to invest in new water and sewer improvements, ... (Read 34 times)

viki

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on: Jul 9, 2018
If a new shopping center forces a local government to invest in new water and sewer improvements, street widening, and environmental initiatives, those added costs are called:
 
  A. externalities.
  B. social goods.
  C. merit goods.
  D. none of the above

Question 2

Externalities are a sign of:
 
  A. the effectiveness of the free market economy.
  B. failure in the free market economy.
  C. the effectiveness of socialism.
  D. failure in socialist economies.


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abctaiwan

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Reply #1 on: Jul 9, 2018
Answer to Question 1

Answer: A

Answer to Question 2

Answer: B


viki

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Reply 2 on: Jul 9, 2018
Thanks for the timely response, appreciate it

strudel15

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Reply 3 on: Yesterday
Wow, this really help

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