Multiple ChoiceWhich one of the following best explains why so few firms are global, considering the impact of externalities on social benefits and social costs?30views
Multiple ChoiceWhich characteristic do goods like gasoline, tobacco, and alcohol typically share in the context of externalities?34views
Multiple ChoiceIf there are external benefits associated with the consumption of a good or service, which of the following is most likely to occur in a free market without government intervention?47views
Multiple ChoiceWhich of the following is an example of market failure related to externalities?41views
Multiple ChoiceWhich type of externality occurs when the social cost of an activity exceeds the private cost, leading to overproduction from a societal perspective?43views
Multiple ChoiceWhich of the following is a disadvantage associated with the use of coal as an alternative source of energy, considering externalities related to social costs?34views
Multiple ChoiceWhich of the following is an economic impact of computers related to externalities discussed in this lesson?46views
Multiple ChoiceWhen considering externalities, companies should be aware that social costs and social benefits may differ from private costs and private benefits because:47views