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Author Question: The fact that positive externalities may exist in education is not enough to justify government ... (Read 52 times)

Redwolflake15

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on: Jul 1, 2018
The fact that positive externalities may exist in education is not enough to justify government involvement. To justify government involvement, it must be shown that _____.
 
  a. the effect of the externalities are large
  b. the externalities are inframarginal
  c. people do not internalize the externalities
   d. education is an investment good

Question 2

The above figure shows four different markets with changes in either the supply curve or the demand curve. Which graph best illustrates the market for computers after technological advances in making computers occur?
 
  A) Graph A
  B) Graph B
  C) Graph C
  D) Graph D
Microeconomics ¦ Perloff ¦ 8th Edition
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stanleka1

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Reply #1 on: Jul 1, 2018
Answer to Question 1

b

Answer to Question 2

B


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