The government can overcome the inefficiency created by a good with an external benefit by using

A) public provision.
B) marketable permits.
C) taxes.
D) emission charges.
E) None of the above answers is correct.

A

Economics

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An increase in the number of firms in a market will cause the quantity of a good supplied to increase

Indicate whether the statement is true or false

Economics

Specializing in the production of a good or service in which one has a comparative advantage enables a country to do which of the following?

A) increase the variety of products that it can produce with a decrease in resources B) consume a combination of goods that lies outside its own production possibilities frontier C) produce a combination of goods that lies outside its own production possibilities frontier D) never have to engage in trade with other nations

Economics