Air pollution from burning fossil fuels causes damages to crops and public health. This is an example of
a. a market failure caused by an externality.
b. a market failure caused by market power.
c. a market failure caused by equality.
d. There is no market failure in this case.
a
Economics
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On an average, growth in per capita income is associated with a:
A) fall in inequality. B) fall in poverty. C) rise in poverty. D) rise in inequality.
Economics
The data show that more than 60 percent of the total income earned in the United States goes to
A) labor. B) land. C) capital. D) entrepreneurshi
Economics