Refer to Figure 5-5. Suppose the current market equilibrium output of Q1 is not the economically efficient output because of an externality. The economically efficient output is Q2. In that case, diagram shows
A) the effect of an excess demand in a market.
B) the effect of a subsidy granted to producers of a good.
C) the effect of a positive externality in the consumption of a good.
D) the effect of a negative externality in the consumption of a good.
C
Economics
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According to the text, the annual cost to the United States from its anti-dumping policies is equivalent to a deadweight loss of _____ uniform tariff applied across all imports.
a. a 1% b. a 6% c. a 10% d. a 15%
Economics
(Consider This) The average life expectancy of a U.S. business is approximately:
A. 2 years. B. 5.5 years. C. 10.2 years. D. 22 years.
Economics