Author Question: Where pollution is prevalent, we might expect that a. externalities are being effectively ... (Read 29 times)

captainjonesify · **on:** Jun 30, 2018

Where pollution is prevalent, we might expect that

a. externalities are being effectively internalized
b. marginal social costs are greater than marginal private costs
c. marginal costs are greater than marginal benefits
d. marginal private costs are greater than marginal social costs
e. externalities are not important

Question 2

The opening of export markets for primary products can provide employment for previously underutilized land and labor. The term for this is

(a) vent for surplus.
(b) comparative advantage.
(c) Prebisch-Singer thesis.
(d) barter trade.