Podcast
Questions and Answers
True or false: Externalities are one of the main reasons governments intervene in the economic sphere?
True or false: Externalities are one of the main reasons governments intervene in the economic sphere?
True
True or false: Externalities can have both positive and negative effects on society?
True or false: Externalities can have both positive and negative effects on society?
True
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?
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
True or false: Private returns or costs are always the same as the returns or costs to society as a whole?
True or false: Private returns or costs are always the same as the returns or costs to society as a whole?
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True or false: Externalities only occur when the indirect effects are large and problematic?
True or false: Externalities only occur when the indirect effects are large and problematic?
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