Which of the following activities, if any, represents an external benefit?
A) The benefit to a consumer from consuming a Caesar salad.
B) The damage to a person's health from secondhand smoke.
C) The reduction in tourist revenues at a beach resort caused by an oil spill.
D) None of the above
Correct Answer:
Verified
Q50: Private costs are those borne by:
A)the government.
B)the
Q51: If there are both external benefits and
Q52: Which of the following activities, if any,
Q53: The total social costs of production are:
A)private
Q54: An negative externality is present whenever:
A)the private
Q56: Negative externalities are costs incurred by: I.buyers
II)sellers
IiI)someone
Q57: Which of the following activities, if any,
Q58: Which of the following will most likely
Q59: A positive externality is present whenever:
A)the social
Q60: The Coase theorem implies that an efficient
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