7. Externalities

Which of the following is an example of an external transaction cost?

Which of the following is the most common impact of emigration on the country of origin?

Which of the following is a benefit of importing goods and services in the context of externalities and social costs?

The increased efficiency of fishing has led to which of the following outcomes related to externalities?

Which of the following best describes the difference between tradable allowances and a Pigovian tax in addressing negative externalities?

Which of the following groups is least likely to experience difficulties with economic access to potable water?

Why is grain production in the Great Plains considered largely unsustainable from the perspective of social costs and benefits?

A policy maker argues that congestion on the roads is an example of which type of externality?

Private markets fail to account for externalities because:

Which of the following would be a reason China would place a tariff on Canadian lumber?

In the context of externalities, how can collusion among firms be harmful to consumers?

Which of the following statements best describes the efficiency of producing a good in the presence of externalities?

Why does globalization often lead to a reduction in prices for goods and services?

Which of the following best describes the marginal external cost and the socially optimal quantity in the presence of a negative externality?

Which of the following best describes a negative externality in terms of social costs and social benefits?