When a private transaction imposes costs on others not directly involved in the transaction, _____
a. a negative externality exists
b. a positive externality exists
c. the good involved in the transaction is a club good
d. the tragedy of commons problem arises
e. a free rider problem arises
a
Economics
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An agreement among countries about how relative currency values should be determined is known as
A) an exchange rate system. B) an international currency market. C) a free-trade arrangement. D) a parity intervention.
Economics
In China, firms owned by the government are known as
A) state-owned enterprises (SOEs). B) government enterprises. C) corporations. D) government owned partnerships.
Economics