Small loans to entrepreneurs and small business owners in DVCs are referred to as:

Explain whether the following are examples of externalities

a. Alisha did not sleep well because her neighbor was playing loud music. b. Rochelle was late for a job interview because her alarm did not go off. c. José, who is allergic to pollen, is sick from the flowers that grow in his garden.

If production of a good creates beneficial externalities, a perfectly competitive market will produce

a. less output than would maximize profit. b. more output than would maximize profit. c. less output than is socially efficient. d. more output than is socially efficient.