External costs
A) are borne by the producers of a good or service.
B) are borne by government.
C) are borne by those who cannot afford to purchase the good.
D) are borne by those who do not produce the good or service.
D
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In the loanable funds market, demanders of funds are ________ and suppliers of funds are ________
A) households and the government if it has a budget surplus; firms and the government if it has a budget deficit B) households and the government if it has a budget deficit; firms and the government if it has a budget surplus C) households and firms; the government if it has a budget deficit D) firms and the government if it has a budget surplus; households and the government if it has a budget deficit E) firms and the government if it has a budget deficit; households and the government if it has a budget surplus
The law of demand says that as the price of a good rises,
a. buyers recognize that price may be even higher in the future, and so they buy now b. buyers purchase less in hopes that the price will fall in the future c. buyers purchase less, in part because their real income has fallen d. buyers purchase more, in part because the price of a substitute has risen e. buyers purchase more, in part because it has higher status at a higher price