« previous next »

Author Question: When there is an externality in a market A) government intervention may increase economic ... (Read 104 times)

fbq8i

  • Hero Member
  • *****
  • Posts: 527
on: Jun 29, 2018
When there is an externality in a market
 
  A) government intervention may increase economic efficiency.
  B) the government should use price controls to enable the market to reach equilibrium.
  C) the externality will move the market to an economically efficient equilibrium.
  D) the externality will cause the market price to be less than or greater than the equilibrium price.

Question 2

All economic questions arise from the fact that resources are scarce.
 
  Indicate whether the statement is true or false
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
Buy Test-Bank


macagn

  • Sr. Member
  • ****
  • Posts: 345
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

TRUE


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Certain chemicals, after ingestion, can be converted by the body into cyanide. Most of these chemicals have been removed from the market, but some old nail polish remover, solvents, and plastics manufacturing solutions can contain these substances.

Did you know?

The most destructive flu epidemic of all times in recorded history occurred in 1918, with approximately 20 million deaths worldwide.

Did you know?

The oldest recorded age was 122. Madame Jeanne Calment was born in France in 1875 and died in 1997. She was a vegetarian and loved olive oil, port wine, and chocolate.

Did you know?

People with high total cholesterol have about two times the risk for heart disease as people with ideal levels.

Did you know?

Women are two-thirds more likely than men to develop irritable bowel syndrome. This may be attributable to hormonal changes related to their menstrual cycles.

Figure 7.1 shows the rapid decline in the trust of Americans in government since the 1960s. This de Figure 7.1 shows the rapid decline in the trust of Americans in government since the 1960s. This de
Radiation Side Effects, Healing Time, and Intervention Radiation Side Effects, Healing Time, and Intervention
IPCC Temperature Increase Predictions Relative to 1986-2005 IPCC Temperature Increase Predictions Relative to 1986-2005
Factors that Increase Cardiac Output Factors that Increase Cardiac Output
economic question economic question
economic question economic question
Video: Anaphylaxis Animation

For a complete list of videos, visit our video library