This topic contains a solution. Click here to go to the answer

Author Question: Government invention is required to solve externality problems if ________. A) transaction costs ... (Read 79 times)

newbem

  • Hero Member
  • *****
  • Posts: 579
Government invention is required to solve externality problems if ________.
 
  A) transaction costs associated with private negotiations are low
  B) the number of people affected by the externality is small
  C) the number of people affected by the externality is large
  D) property rights are clearly defined

Question 2

If the government offers to pay wheat farmers 1 for every bushel of wheat they market next year, in addition to the market price, the price of wheat will be
 
  A) higher than it would otherwise have been.
  B) lower than it would otherwise have been.
  C) one dollar.
  D) the same as it would otherwise have been although wheat farmers will be better off.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

raili21

  • Sr. Member
  • ****
  • Posts: 324
Answer to Question 1

C

Answer to Question 2

B




newbem

  • Member
  • Posts: 579
Reply 2 on: Jun 29, 2018
:D TYSM


adammoses97

  • Member
  • Posts: 337
Reply 3 on: Yesterday
Gracias!

 

Did you know?

Normal urine is sterile. It contains fluids, salts, and waste products. It is free of bacteria, viruses, and fungi.

Did you know?

Bacteria have been found alive in a lake buried one half mile under ice in Antarctica.

Did you know?

More than 2,500 barbiturates have been synthesized. At the height of their popularity, about 50 were marketed for human use.

Did you know?

Only 12 hours after an egg cell is fertilized by a sperm cell, the egg cell starts to divide. As it continues to divide, it moves along the fallopian tube toward the uterus at about 1 inch per day.

Did you know?

The average human gut is home to perhaps 500 to 1,000 different species of bacteria.

For a complete list of videos, visit our video library