External benefits cause the market to:
a. underallocate resources. b. be more efficient.
c. set excessively high prices. d. have persistent shortages.
a
Economics
You might also like to view...
When considering imports and exports, economists include the ________ as a component of the GDP
A) net exports B) total imports C) gross exports D) total exports
Economics
Majority-rule voting
A) is economically efficient. B) is never economically efficient. C) may or may not be efficient, depending upon the preferences of the voters. D) is economically efficient only in a democracy. E) is economically efficient only if there is a median voter.
Economics