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Author Question: Free market economies underproduce goods with positive externalities because A) there are no ... (Read 103 times)

melly21297

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on: Jun 30, 2018
Free market economies underproduce goods with positive externalities because
 
  A) there are no benefits to the production of these goods.
  B) the additional social benefits are not taken into account by the marketplace.
  C) the additional social benefits cannot be measured.
  D) the additional social benefits are too small to matter.

Question 2

Identify at least three key factors in the high-growth Asian economies' economic success.
 
  What will be an ideal response?


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Pariscourtney

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Reply #1 on: Jun 30, 2018
Answer to Question 1

B

Answer to Question 2

These would include macroeconomic stability; strong, credible commitments to sharing economic growth across all levels of society, including an emphasis on education that helped raise productivity in the labor force; high levels of savings; an emphasis on exports but an openness to imports


melly21297

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Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

dawsa925

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Reply 3 on: Yesterday
Excellent

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