When private benefits are less than social benefits, it means that:
A. no externality of any kind is present in the market.
B. positive externalities are present in the market.
C. negative externalities are not present in the market.
D. positive externalities are not present in the market.
Answer: B
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Countries with higher than average unemployment rates have ________ compared to the United States
A) less regulated labor markets B) lower levels of technology C) higher levels of technology D) more generous unemployment benefits and more regulated labor markets E) a higher labor force participation rate
Some policymakers have proposed giving parents of children in poorly performing schools tax dollars to help send their children to private schools. This proposal is an example of
A) vouchers. B) public provision. C) external costs. D) taxes. E) correcting an externality using a government good.