Author Question: As more people imported cars from abroad, service facilities became widely available. This increased ... (Read 113 times)

vHAUNG6011

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As more people imported cars from abroad, service facilities became widely available. This increased the value of imported cars to those who owned one. This is an example of a(n) ________.
 
  A) pecuniary externality
  B) network externality
  C) moral hazard
  D) adverse selection

Question 2

If the marginal rent cost of moving from Apartment 1 to Apartment 2 is -60 and marginal commuting cost of moving from Apartment 1 to Apartment 2 is 40:
 
  A) moving from Apartment 1 to 2 will cost the renter 60 more in rent and 40 more in commuting.
  B) moving from Apartment 1 to 2 will save the renter 60 more in rent and 40 more in commuting.
  C) moving from Apartment 1 to 2 will save the renter 60 in rent but cost 40 more in commuting.
  D) moving from Apartment 1 to 2 will cost the renter 60 more in rent but save 40 in commuting.


jomama

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Answer to Question 1

B

Answer to Question 2

C



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