An externality exists when
A) goods are sold in specific geographic locations.
B) some of the benefits or costs associated with a good are borne by third parties.
C) the government taxes a good.
D) the government subsidizes a good.
B
Economics
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In oligopoly, one expects
a. frequent introduction of new or redesigned products. b. aggressive advertising campaigns. c. intense marketing research into the impact of price changes. d. All of the above are correct.
Economics
If the nominal interest rate is higher than the inflation rate, the value of your savings:
A. should remain about the same. B. cannot be assessed without knowing the beginning balance of savings. C. will decrease. D. will increase.
Economics