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QUESTION 25 Terms of trade is Ca. the absolute advantage of production of two goods b....


QUESTION 25 Terms of trade is Ca. the absolute advantage of production of two goods b. the rate of exchange of one good for a
QUESTION 25 Terms of trade is Ca. the absolute advantage of production of two goods b. the rate of exchange of one good for another c. the marginal cost of producing one good for another d. the marginal benefit of one producing one good for another QUESTION 26 When a positive externality is present in an industry Ca. resources are efficiently allocated b. resources are underallocated c. resources are overallocated d. there is insufficient information to determine QUESTION 27 Which of the following would be a result of a positive externality? Ca Lower voter participation rates Cb.More political unrest c. Increased dependence on social welfare programs cd. Lower crime rates QUESTION 28 Mathematically the amount of the marginal benefit to society is Ca external benefits minus private marginal benefits. b. private marginal benefits minus external benefits. c. (Marginal benefits minus external benefits)2. d. private marginal benefits plus external benefits.
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ReportAnswer #1

a) "B"

Term of trade is the rate of exchange of one good for another.

b) "B"

The resource are under allocated in the market and the production should be increased.

c) "D"

Lower crime rates in the market.

d) "A"

its the marginal benefit minus the private marginal benefit.

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