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suiren suiren
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5 years ago

Question 1.

"Second-hand" smoke is an often cited disadvantage of allowing smoking in restaurants. In economics, "second-hand" smoke is referred to as a(n)

• economic cost.

• negative investment.

• capital good.

• externality.

Question 2.

When government intervenes in the production process because external costs exist, it typically attempts to shift the industry's

• demand curve to the left.

• demand curve to the right.

• supply curve to the left.

• supply curve to the right.
Textbook 
Economics Today: The Micro View

Economics Today: The Micro View


Edition: 19th
Author:
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BakariBakari
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#1
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5 years ago
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suiren Author
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#2
5 years ago
Good timing, thanks!
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