Externalities are defined as
a. any transaction external to the firm
b. costs or benefits that fall on third parties
c. policies that firms undertake to sell products outside the country
d. managers' dealings with stockholders outside the firm
e. costs of maintaining plant and equipment to avoid the scrutiny of external auditors
Question 2
What is the rationale for government provision of education?
a. Not all incomes are equal, but everyone has the right to education regardless of wealth.
b. Potential students consider only their personal benefits gained from education, but the rest of society benefits, too.
c. No education would be provided in the absence of government provision because everyone would consume it without paying.
d. The cost of providing education for the entire public is too large.
e. The government can provide education at a much lower cost than the private sector.
External View of the Right Eye
External female genitalia.
External ear.
Structures of external, middle, and inner ear
At breakfast, a middle-class husband sits absorbed in the newspaper and the public affairs of the da
Health Care Costs for the Elderly and Disabled