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trea48 trea48
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5 years ago

Question 1.

A cost or benefit resulting from some activity that is imposed or bestowed on third parties is



▸ a market failure.

▸ an externality.

▸ a public good.

▸ logrolling.

Question 2.

An example of ________ is a power plant generating water pollution.



▸ a positive production externality

▸ a negative production externality

▸ a public good

▸ the free-rider problem
Textbook 
Principles of Economics

Principles of Economics


Edition: 12th
Authors:
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vvnluuvvnluu
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5 years ago
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