The presence of a negative externality is likely to give rise to significant market failures when:
a. property rights are not well-defined
b. property rights are well-defined.
c. there are few victims of pollution and few polluters.
d. transaction costs are relatively low.
a
Economics
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A decrease in a supply of oil could ____
a) increase long-run aggregate-supply. b) decrease long-run aggregate-supply. c) have no impact on long-run aggregate-supply. d) increase aggregate-demand.
Economics
With an upward sloping LM curve, a falling interest rate __________ money demand, so that an expansionary monetary policy is __________ than in the case of a vertical LM curve
A) raises; stronger B) raises; weaker C) has no effect on; stronger D) has no effect on; weaker
Economics