Question: Please solve these questions. No cursive. Answer the following True/False: (2 points each) 1 . T/F Social benefits are the sum of private benefits and
Please solve these questions. No cursive.


Answer the following True/False: (2 points each) 1 . T/F Social benefits are the sum of private benefits and external benefits. 2. T/F According to the Coase Theorem, people can bargain to reach an agreement efficiently. 3. T/F An example of Negative consumption externalities is construction noises next in a confined space. 4 . _T/F A public good is both nonexcludable and non-rival. 5. T/F The Environmental Protection Agency can require companies to adopt particular technology to reduce pollutions. 6. T/F Inefficient decisions result when firms fail to consider social cost and benefits. 7. T/F Free-rider problem can exist when some people have an incentive to let others pay for the public good and then use the good themselves. 8. T/F There are no problems with positive externalities. 9. T/F National defense is an example of a public good.10. T/F New technology is a positive externality because it can create economic benefit from the investments
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