Homework Answers
This is precisely the definition of externality which is given in the question. The externality is said to exist when the consumption or production decision of one individual affects the consumption and production decision of other individuals without their permission and also the individuals who affects others doesn't take this into account because they don't have any incentive to do so since they don't to pay the cost it's others who is going to pay the cost. Externalities can be both negative or positive. When there is positive externality we say someone has imposed benefits on others and when externality is negative we say the someone have imposed a cost on others.
So the statement that externalities exist when individuals impose cost or benefit on others but don't have incentive to take those cost and benefits into account is true.
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Externalities exist when individuals impose costs or benefits on others but don't have an incentive to...
> Question 35 2 pts Externalities exist when individuals impose costs or benefits on others but...
> Question 35 2 pts Externalities exist when individuals impose costs or benefits on others but don't have an incentive to take those costs or benefits into account True False
Externalities result when all costs and benefits are internalized. individuals don't take into account benefits or...
Externalities result when all costs and benefits are internalized. individuals don't take into account benefits or costs of their decisions that spill over onto third parties. elected leaders regularly don't poll citizens. O sellers include costs associated with externalities in the price of their product.
Question 31 2 pts An externality is said to be internalized: when individuals take external costs...
Question 31 2 pts An externality is said to be internalized: when individuals take external costs and benefits into account in their decision making. when individuals successfully petition the government to ban or restrict activities that generate negative externalities. when individuals learn to adapt to negative externalities through introspection or internal acceptance of what are viewed as unchangeable facts of life. in situations in which the Coase theorem is irrelevant or cannot be applied. Drowiu Nout
_______________________ is the emotional strain that individuals experience when exposed to working with others who have...
_______________________ is the emotional strain that individuals experience when exposed to working with others who have suffered severe trauma (also known as Compassion Fatigue) a. Empathy fatigue. b. Burnout c. Impairment d. None of the above True or False. Vicarious Liability pertains to the responsibility supervisors have to oversee the actions of their supervisees. Supervisors become liable for the actions of their supervisees due to their professional relationship with supervisees. True False 2 points QUESTION 45 True or False....
Which of the following is true regarding externalities? when external costs are present, U Search this...
Which of the following is true regarding externalities?
when external costs are present,
U Search this cour rty) Which of the following is true regarding externalities? Oa. Externalities can only be corrected with government regulation. Ob. Externalities always involve external costs. Oc. Externalities occur when the actions of an individual or group spill over onto others, without their consent. Od. Externalities generally enhance the rate of economic growth. When external costs are present, a. democratic political decision-making can be counted...
Products that create external benefits are over-consumed because the private benefits exceed the private costs under...
Products that create external benefits are over-consumed because the private benefits exceed the private costs under consumed because consumers only consider the private benefits of consumption O optimally consumed as long as private benefits equal private costs underconsumed because the social costs exceed the social benefits QUESTION 23 The Coase theorem suggests that private bargains will ensure the efficiency of markets even when externalities exist O but only in the presence of government regulation if consumers have more information regarding...
Discussion: Externalities and Public Goods Is education a public good? Does education have external benefits? If...
Discussion: Externalities and Public Goods Is education a public good? Does education have external benefits? If so, what are some of those public benefits? In your opinion are the external benefits large or small? Why? What should government do to promote the efficient provision of products that have external benefits? If you think that government should put more resources into education, what might be some of the opportunity costs of that decision? How would an economist determine the right amount...
When a perfectly competitive market is in long-run equilibrium: O firms have an incentive to enter...
When a perfectly competitive market is in long-run equilibrium: O firms have an incentive to enter the market. O firms have an incentive to leave the market. O no firm has an incentive to enter or leave the market. When a firm operating in a perfectly competitive market is experiencing losses, it should continue operations if: O P< AVC O P=AVC O P > AVC If, in a perfectly competitive market, P= (a firm's) ATC, then the firm: earns an...
True / False 1. Good Samaritan laws exist to protect individuals who are attempting to help...
True / False 1. Good Samaritan laws exist to protect individuals who are attempting to help others. 2. Both the nurse who injures a patient and the nurse’s employer can be held responsible for the nurse’s acts. 3. The nurse practice act is the federal law that defines ethical nursing practice. 4. Slander and libel are forms of inappropriate physical touch. 5. Patients have the right to refuse treatment without reprisal from the health care team.
insider trading occurs when managers and other with access to privileged info that others don't have use info to trade. which statement true?
insider trading occurs when managers and other with access to privileged info that others don't have use info to trade. which statement true?
> Question 35 2 pts Externalities exist when individuals impose costs or benefits on others but don't have an incentive to take those costs or benefits into account True False
Externalities result when all costs and benefits are internalized. individuals don't take into account benefits or costs of their decisions that spill over onto third parties. elected leaders regularly don't poll citizens. O sellers include costs associated with externalities in the price of their product.
Question 31 2 pts An externality is said to be internalized: when individuals take external costs and benefits into account in their decision making. when individuals successfully petition the government to ban or restrict activities that generate negative externalities. when individuals learn to adapt to negative externalities through introspection or internal acceptance of what are viewed as unchangeable facts of life. in situations in which the Coase theorem is irrelevant or cannot be applied. Drowiu Nout
Which of the following is true regarding externalities?
when external costs are present,
U Search this cour rty) Which of the following is true regarding externalities? Oa. Externalities can only be corrected with government regulation. Ob. Externalities always involve external costs. Oc. Externalities occur when the actions of an individual or group spill over onto others, without their consent. Od. Externalities generally enhance the rate of economic growth. When external costs are present, a. democratic political decision-making can be counted...
Products that create external benefits are over-consumed because the private benefits exceed the private costs under consumed because consumers only consider the private benefits of consumption O optimally consumed as long as private benefits equal private costs underconsumed because the social costs exceed the social benefits QUESTION 23 The Coase theorem suggests that private bargains will ensure the efficiency of markets even when externalities exist O but only in the presence of government regulation if consumers have more information regarding...
When a perfectly competitive market is in long-run equilibrium: O firms have an incentive to enter the market. O firms have an incentive to leave the market. O no firm has an incentive to enter or leave the market. When a firm operating in a perfectly competitive market is experiencing losses, it should continue operations if: O P< AVC O P=AVC O P > AVC If, in a perfectly competitive market, P= (a firm's) ATC, then the firm: earns an...
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