Question: 8. When an individual buys a car in a congested urban area, it generates a. an efficient market outcome. b. a technology spillover. a positive

8. When an individual buys a car in a congested urban area, it generates

a. an efficient market outcome.

b. a technology spillover. a positive externality. a negative externality. C. d.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Intermediate Microeconomics Questions!

Q:

4 Files 12:47 PM Mon May 16 Insert Draw Layout Review View Unit 3Microec0nomics Name: ELASTICITY Use the space below to take notes during class. Elastic: Unit Elastic: Inelastic: Perfect...

Q:

HI PLEASE ANSWER ALL 1. Assume the market for apples is initially in equilibrium. Which of the following will result in a higher equilibrium price of apples? a. An increase in both the demand for and...

Q:

Published by CQ Press, an Imprint of SAGE Publications, Inc. www.cqresearcher.com Future of Cars Are Americans ready for self-driving vehicles? C ars that drive themselves, long a staple of science...

Q:

O (PC - PP) x QE Zoom out (PC - PP) x (QE - Q") x Question 3(Multiple Choice Worth 1 points) (03.02 MC) Use the graph to answer the question that follows. Price MC ATC ATC, Quantity (units) The shift...

Q:

Consider a society consisting of only three people: Adam, Beth, and Chad. All three workers spend all day making clothing and food. At the start of each day, Chad tells each worker how many hours to...

Q:

Please solve these questions and no cursive . Internalizing an negative extemality through a government taxes will cause the industry's supply cost curve to a. remain unchanged. b. shift down by an...

Q:

A production possibility curve would ________ if the availability of an input decreased and would ________ if a lack of technology decreased production efficiency. (1 point) shift outward; shift...

Q:

Social services primarily consist of Select one: a.welfare programs for low-income people. b.a government health plan for the poor. c.pensions collected for the infirm. d.the same services as Old Age...

Q:

Answer the following True or false questions. True or false? Total surplus is the seller's cost minus the buyer's willingness to pay. A Price floor set above the equilibrium price is a binding...

Q:

Show alll the steps Problem 3. (Technology) Suppose a producer has access to the technology given by the Cobb-Douglass production function y = 3K1 14. a) What can you say about the returns to scale...

Q:

1. What was Howard Schultzs original strategic vision for Starbucks? 2. Has Starbucks strategy evolved as the strategic vision has evolved? 3. Which one of the five generic competitive strategies...

Q:

It was early 2019 and Jason Moss, CEO of Plasticon Canada Inc., was pondering his companys next move. Plasticons mission was to be a leader in adapting new and evolving advanced plastic materials....

Q:

Comider the following'tuble: \ table [ [ Sture Pevessins,Refualiltr,Stack Iranl latie at Arture,Boed lual Bate ef feters ] , [ , 4 . tw , - 1 / 7 , - ] , [ nad revelalim Loreal growit,B , % , 1 7 1 ,...

Q:

Draw all constitutional isomers with molecular formula C 4 H 11 N, and provide a name for each isomer.