If there are important spillover benefits from consumption of a good,
a. government should prohibit its production.
b. taxes should be imposed on producers of the product.
c. the market demand curve for the good understates the value of the product to society and resources are therefore underallocated to its production.
d. the market demand curve for the good overstates the value of the product to society and resources are therefore overallocated to its production.
Question 2
Comparative advantage occurs when a person or a country can produce a good or service at a lower ____ than others.
a. fixed cost
b. variable cost
c. opportunity cost
d. total cost
Calcium consumption is essential for all people
This chart shows the various lines of responsibility and how they differ in presidential and parliam
Relationship Between Physical Activity and Improved Health Benefits
Example of an Explanation of Benefits statement.
Structures of other important isoprenoids
Government Corruption versus GDP per Capita, 2009