7. Externalities

Why is it generally easier to identify the social costs than the social benefits of international trade?

Which of the following factors typically decrease as a result of protectionist policies?

Which scenario best illustrates a negative externality, where social costs exceed private costs?

Which of the following is a negative externality associated with the construction of the Hetch Hetchy Reservoir?

Why are profits not guaranteed for firms supplying nonrenewable resources, even though these resources are limited?

Which of the following is most likely to cause a depreciation in a country's currency?

Which of the following mitigation tactics could reduce the economic risk associated with negative externalities?

Which of the following best explains why some economists argue that early child care generates an external benefit to society?

The risks of doing business are most likely to be the highest in a country that:

In the absence of externalities, which of the following statements is true regarding the relationship between private and social costs and benefits?

A free-trade agreement is unlikely to result in which of the following outcomes?

The increased use of the internet presents a lot of potential for which types of businesses?

Which of the following is an example of a negative externality associated with automobile manufacturing?

If positive externalities exist in the market for flu shots, which of the following is most likely to occur in a free market without government intervention?

The price-support strategy exacerbated which of the following problems related to externalities?