Understanding Externalities

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Questions and Answers

True or false: Externalities are one of the main reasons governments intervene in the economic sphere?

True (A)

True or false: Externalities can have both positive and negative effects on society?

True (A)

True or false: Technical externalities occur when the price of a product takes into account the indirect effects on consumption and production opportunities of others?

False (B)

True or false: Private returns or costs are always the same as the returns or costs to society as a whole?

<p>False (B)</p> Signup and view all the answers

True or false: Externalities only occur when the indirect effects are large and problematic?

<p>False (B)</p> Signup and view all the answers

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