Air pollution best illustrates
A. An external cost.
B. An inequity.
C. Government failure.
D. Market power.
Answer: A
Economics
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The effect lag occurs because it takes policymakers some time to recognize that a problem exists in an economy
a. True b. False Indicate whether the statement is true or false
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If cross-price elasticity of demand between two goods is positive, the two goods are:
A. substitutes. B. complements. C. normal. D. inferior.
Economics