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Author Question: Assume that production of a good generates external benefits for others. The equilibrium price of ... (Read 116 times)

burton19126

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on: Jun 30, 2018
Assume that production of a good generates external benefits for others. The equilibrium price of the good will be ____ and the equilibrium quantity ____ for efficient resource allocation.
 a. too high; too high.
  b. too high; too low.
  c. too low; too high.
  d. too low, too low.

Question 2

Which of the following is not a major trading partner of the U.S.?
 a. Canada
  b. Mexico
  c. Russia
 d. China


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phuda

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

d

Answer to Question 2

c


burton19126

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Reply #2 on: Jun 30, 2018
Thank you


phuda

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Reply #3 on: Jun 30, 2018
No problemo


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