When private benefits equal social benefits, it means that:
A. positive externalities are present in the market.
B. negative externalities are present in the market.
C. positive externalities are not present in the market.
D. no externality of any kind is present in the market.
C. positive externalities are not present in the market.
Economics
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If there is a financial panic and increased uncertainty about the returns in the stock market and bond market, what is the likely effect on money demand?
A) Money demand declines first, then rises when inflation increases. B) Money demand rises. C) The overall effect is ambiguous. D) Money demand declines.
Economics
According to the Phillips curve, which fiscal policies can be used to reduce unemployment in the short run?
Economics