Which one of the following statements about positive externalities is false? a. A positive externality is...
Which one of the following statements about positive externalities is false?
a. A positive externality is a positive side effect of an economic transaction that affects those not directly involved in the transaction.
b. Unregulated markets produce too few of the goods and services that have positive externalities.
c. Installing a solar panel produces a positive externality.
d. Markets with positive externalities do not need government intervention to operate efficiently.
e. Positive externalities represent an additional benefit to society, over and above the private benefits to consumers.
Homework Answers
Ans) the correct option is d) Markets with positive externalities do not need government intervention to operate efficiently.
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Which one of the following statements about positive
externalities is false?
a. A positive externality is...
Which one of the following statements about positive externalities is false? A. A positive externality is...
Which one of the following statements about positive externalities is false? A. A positive externality is a positive side effect of an economic transaction that affects those not directly involved in the transaction B. Installing a solar panel produces a positive externality C. Unregulated markets produce too few of the goods and services that have positive externalities. D. Markets with positive externalities do not need government intervention to operate efficiently E. Positive externalities represent an additional benefit to society, over...
If a positive externality cannot be remedied through private bargaining, one solution could be a (...
If a positive externality cannot be remedied through private bargaining, one solution could be a ( tax / subsidy ) . The primary problem with implementing this solution is which of the following? - It may be difficult to quantify the external benefit. - It is not possible for external benefits to be internalized. - Benefits to society are too insufficient to care about. - Individuals are not likely to make rational choices in this situation.
61. A positive externality ________. a. gives rise to external benefits b. imposes an additional cost...
61. A positive externality ________. a. gives rise to external benefits b. imposes an additional cost on society c. leads to a higher economic profit d, leads to increasing returns to scale 62. If the production of a good involves positive externalities, ________. a. the average cost of production of the good in the long run is zero b. the variable cost of production of the good is zero c. the market price of the good is higher than its...
Unit 8 Market Failures: Externalities, public goods, natural resources The production of coffee pods results in...
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Paragraph Styles Unit 8 - Market Failures: Externalities, public goods, natural resources The production of coffee...
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Which of the following statements are true regarding externalities? (Check all thot apply.) OA. In the...
Which of the following statements are true regarding externalities? (Check all thot apply.) OA. In the case of an extemality, the free market wil maximize social surplus. occurs when an economic activity has a spillover cost to a bystander. C. Deadweight loss can be either a foregone benefit or the total cost of the externality to society. D. For compuing efficient outcomes, economic agente adjust the demand curve to account for negative extenalities In the case of the negative extemality,the...
QUESTION 5 Research and development has positive externalities because it leads to profit for the developers...
QUESTION 5 Research and development has positive externalities because it leads to profit for the developers the new ideas have "spillover" effects for those not involved in the initial R&D because the new ideas can be used to develop other new ideas and applications by others it positively affects those involved in the R&D it is a pure free-market outcome QUESTION 6 The Federal Trade Commission (FTC) reviews all mergers and acquisitions valued at $90 million or more in order...
Which of the following is TRUE of market failures? Externalities and public goods are examples of...
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Worksheet 3 Macroeconomics Ch. 5 Market Failures 1. Externalities. A study finds that leaf blowers make...
Worksheet 3 Macroeconomics Ch. 5 Market Failures 1. Externalities. A study finds that leaf blowers make too much noise, so the government imposes a $10 tax on the same of every unit to correct for the social cost of the noise pollution. The tax completely internalizes the externality. Before the corrective tax, Blown Away Manufacturing regularly sold blowers for $100. After the tax is in place, the consumer price for leaf blowers is $105. a. Describe the impact of the...
Unit 8 Market Failures: Externalities, public goods, natural resources The production of coffee pods results in environmental damages when consumers throw the pods away. Currently consumers are not responsible for the costs of disposing of these coffee pods. The environmental damages caused by throwing away the coffee pods is an example of a: a Positive externality (6. Negative externality c. Private cost d. Private benefit Consider the market for coffee in the graph to the right. 1. Left unregulated, what...
Paragraph Styles Unit 8 - Market Failures: Externalities, public goods, natural resources The production of coffee pods results in environmental damages when consumers throw the pods away. Currently consumers are not responsible for the costs of disposing of these coffee pods. MSC MPC The environmental damages caused by throwing away the coffee pods is an example of a:1 Vertical (Value) Axis Major Gridlines a. Positive externality b. Negative externality c. Private costs d. Private benefits Consider the market for coffee...
Homework 3- Chapters 5, 6, 19 & 20 1) Antitrust legislation, in theory, is supposed to (decrease promo ition in the private sector Pollution is an example of g(negative, positive) externality If third parties benefit from a transaction, then (negativ positive externalities exist, and 2) y3) the price system will allocate resources (inefficiently, efficiently). 4) A free rider has an incentive (to pay hot to pay) for a publie good. 5) T F If third parties are hurt by the...
Which of the following statements are true regarding externalities? (Check all thot apply.) OA. In the case of an extemality, the free market wil maximize social surplus. occurs when an economic activity has a spillover cost to a bystander. C. Deadweight loss can be either a foregone benefit or the total cost of the externality to society. D. For compuing efficient outcomes, economic agente adjust the demand curve to account for negative extenalities In the case of the negative extemality,the...
QUESTION 5 Research and development has positive externalities because it leads to profit for the developers the new ideas have "spillover" effects for those not involved in the initial R&D because the new ideas can be used to develop other new ideas and applications by others it positively affects those involved in the R&D it is a pure free-market outcome QUESTION 6 The Federal Trade Commission (FTC) reviews all mergers and acquisitions valued at $90 million or more in order...
Which of the following is TRUE of market failures? Externalities and public goods are examples of market failure. O All of the answers given are true of market failures. O When our resources are not allocated efficiently by the market, then we have market failure. Markets characterized by monopolies, oligopolies and monopolistic competition are examples of market failure. Statement 1: If left to itself, the market will produce too little of a good if there are positive externalities. Statement 2:...
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