Mic11: Externalities, Public goods
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Last updated almost 6 years ago
5 questions
1
A cost or benefit of a market transaction that spills over onto a third party is referred to as:
A cost or benefit of a market transaction that spills over onto a third party is referred to as:
1
Which of the following is true of a negative externality such as pollution?
Which of the following is true of a negative externality such as pollution?
1
Goods and services that the government provides to its citizens and are paid for with taxes are called:
Goods and services that the government provides to its citizens and are paid for with taxes are called:
1
What two characteristics apply to public goods?
What two characteristics apply to public goods?
1
What is the problem with the picture above?
What is the problem with the picture above?