Which one of the following statements about positive externalities is false? a. A positive externality is...
Which one of the following statements about positive externalities is false?
a. A positive externality is a positive side effect of an economic transaction that affects those not directly involved in the transaction.
b. Unregulated markets produce too few of the goods and services that have positive externalities.
c. Installing a solar panel produces a positive externality.
d. Markets with positive externalities do not need government intervention to operate efficiently.
e. Positive externalities represent an additional benefit to society, over and above the private benefits to consumers.
Homework Answers
Ans) the correct option is d) Markets with positive externalities do not need government intervention to operate efficiently.
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Which one of the following statements about positive
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a. A positive externality is...
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Which one of the following statements about positive externalities is false? A. A positive externality is a positive side effect of an economic transaction that affects those not directly involved in the transaction B. Installing a solar panel produces a positive externality C. Unregulated markets produce too few of the goods and services that have positive externalities. D. Markets with positive externalities do not need government intervention to operate efficiently E. Positive externalities represent an additional benefit to society, over...
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