What makes a technology "inappropriate"? Why might it be used anyway?
What will be an ideal response?
The text provides a list of characteristics of an inappropriate technology. It may be used anyway because of factor market distortions, superior productivity, or other reasons.
Economics
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An external cost is created when you
A) buy a sandwich for lunch. B) litter on the side of the road. C) graduate from college. D) buy flowers for your mother on Mother's Day.
Economics
The range to the left of the midpoint on a linear demand curve is
A) elastic. B) infinite. C) one. D) inelastic.
Economics