Multiple Choice
When analyzing externalities, how can changes in the prices of complements or substitutes for a product affect its social benefits and social costs?
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7. Externalities
Externalities: Social Benefits and Social Costs
Back7. Externalities
Externalities: Social Benefits and Social Costs
- Multiple ChoiceWhich of the following activities results in a positive externality?8views
- Multiple ChoiceA negative externality or spillover cost occurs when:40views
- Multiple ChoiceWhy would setting the prices of natural resources at their true social cost likely increase recycling rates?19views
- Multiple ChoiceAn optimal tax on pollution would result in which of the following?8views
- Multiple ChoiceWhich of the following would most likely constitute a negative externality affecting free resources?28views
- Multiple ChoiceWhich of the following statements is true about the effects of externalities on social benefits and social costs?20views
- Multiple ChoiceWhich of the following statements is NOT true of both pollution permits and corrective taxes?19views
- Multiple ChoiceWhich of the following is an example of an externality?39views
- Multiple ChoiceWhen do demand-side market failures occur?38views
- Multiple ChoiceWhich of the following is an example of a negative externality?43views
- Multiple ChoiceWhich of the following is a possible option to address the issue when demand for a good or service exceeds its capacity, resulting in negative externalities?24views
- Multiple ChoiceWhich of the following best describes a cap-and-trade system?25views
- Multiple ChoiceWhich of the following factors does NOT contribute to economic growth?21views
- Multiple ChoiceOveruse of groundwater in coastal areas would most likely result in which of the following?24views