Suppose a wallet firm has been dumping its wastes into the local river. The government finds out and insists that the firm pay for the cost of the river cleanup. As a result, we can expect:
a. more wallets to be produced at a lower price.
b. more wallets to be produced at a higher price.
c. fewer wallets to be produced at a lower price.
d. fewer wallets to be produced at a higher price.
e. the same number of wallets to be produced at a higher price.
Question 2
John paints the exterior of his house and, as a result, his neighbor Christine is able to sell her home for 5,000 more than she could have before. John's house painting:
a. creates a negative externality for Christine.
b. shows John is a free rider.
c. results in an efficient market outcome for both.
d. creates a positive externality for Christine.
e. was poorly done.
Murray River Curly Coated Retriever
Sunda Clouded Leopard in lower Kinabatangan River, eastern Sabah, Malaysia
This chart shows the various lines of responsibility and how they differ in presidential and parliam
Methods of Local and Regional Anesthesia
Calculus help: Find a cubic function f (x) = ax3 +bx2 +cx+d that has a local maximum value of 3 ...
Suppose a country imports televisions. The country's supply and demand curves are shown in ...