The existence of marginal external benefits for a product like higher education creates a deadweight loss for society because, without government intervention, ________ would be consumed and ________ would be produced.
A) more than the efficient amount; more than the efficient amount
B) more than the efficient amount; less than the efficient amount
C) less than the efficient amount; more than the efficient amount
D) less than the efficient amount; less than the efficient amount
E) the efficient amount; the efficient amount
Question 2
If the United States imposes a tariff on foreign chocolate, how are U.S. producers of chocolate affected?
A) The quantity of chocolate they sell decreases because U.S. consumption of chocolate decreases.
B) The quantity of chocolate they produce increases.
C) The price at which they sell their chocolate falls.
D) They are harmed because foreign exporters of chocolate increase their supply in response to the higher price.
E) They are unaffected because the quota applies to foreign producers, not to U.S. producers.
Examples of animals with external gills.
An otoscope, used to visually examine the external auditory ear canal and tympanic membrane.
External and internal male sex organs
External anatomy of the heart
Who Ends Up Poor? Poverty by Education and Race-Ethnicity
A Healthy Daily Food Plan A variety of foods from each group creates a well-balanced diet