7. Externalities

Which of the following is an example of a 'hidden' social cost associated with basing production in a foreign location?

Which of the following best explains why U.S. firms often move manufacturing jobs overseas in the context of externalities and social costs?

How can globalization impact labor markets around the world in terms of externalities and social costs?

Which of the following is a sign of market failure due to externalities?

A negative result of high tariffs is that they can sometimes lead to which of the following?

Which of the following scenarios demonstrates the threat of substitutes faced by airlines?

Which resource is sometimes unpredictable in terms of energy production due to external factors affecting its social benefits and social costs?

One negative consequence of using automation to improve manufacturing production is that:

Which term best describes the situation when one country increases its army because others did, resulting in additional costs or benefits not reflected in market transactions?

Which of the following most likely caused the steady increase in the price per barrel of oil between 2001 and 2008?

What can you conclude from the fact that a significant amount of research is being conducted into wind and solar energy?

Which of the following can be reduced by the use of renewable energy sources?

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

Which of the following is a result of government attempts to increase energy efficiency?

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