Negative externalities Study guides, Class notes & Summaries
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Micro Economics 1000 Carleton U -December Final Exam Questions And Answers Rated A+ 2024 Updates
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A competitive firm is said to maximize its profit when....... - the price is equal to marginal cost. 
A Firm's Cost Curve - 
A firm's demand for a factor input, for example labour, slopes _____________. 
A) upward, due to the increasing marginal product of labour 
B) downward, due to the diminishing marginal product of labour 
C) downward, due to the increasing wage rates 
D) upward, due to the decreasing wage rates - B 
A profit-maximizing competitive firm should hire workers up to the point ...
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RMI Exam 1 Study Guide questions and complete correct answers 2023
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There is a great deal of debate regarding what people expect of their government. Government's may redistribute income through which of the follow: 
I. Market intervention 
II. Transfer Payments 
III. Taxation 
 
A. I only 
B. II only 
C. III only 
D. I and I 
E. I, II, and III - correct answer E - I, II, and III 
 
In module 1, we discussed the six steps of the risk management process. Risk (loss) Reduction is aimed at: 
 
A. frequency 
B. severity 
C. both frequency and severity 
D. retentio...
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Economics Today The Macro View Ch.5 Public Spending and Public Choice
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Economics Today The Macro View Ch.5 Public Spending 
and Public Choice 
1. Market failure ️: Prevent the price system from attaining economic efficiency and individual 
freedom. 
2. Externality (external cost) ️: A consequence of an economic activity that spills over to affect third 
parties. Pollution is an _____? 
Answer: externality. 
3. Market Failure ️: A situation in which the market economy leads to too few or too many resources 
going to a specific economic activity. 
4....
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Economics 111 Exam #2 || A+ GRADED
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Economic Role of Government correct answers 1) Establish Suitable Framework 
2) Provide Collective Goods and Services 
3) Correct for externalities 
4) Promote Competition 
5) Promote Macroeconomic Stability 
6) Redistribution of Income 
 
Externality correct answers An uncompensated gain or loss imposed on one by the maximizing behavior(making life better) of another 
 
Negative Externalities correct answers Air pollution, water pollution, visual pollution, noise pollution 
*Free market will ov...
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CSR Final Exam With 100% Correct And Verified Answers
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CSR Final Exam With 100% Correct And Verified Answers 
Utalitarianism - Correct Answer-Greatest good for greatest number of people. Rights of some individuals must be sacrificed for rights of everyone else. Basis of free market. Consequentialist theory. 
 
Deontology - Correct Answer-Duty, obligation, and principal, regardless of the outcome. Nonconsequentialist theory. Ends never justify means. ex. Be honest no matter what... consequence? Anne Frank 
 
Categorical imperative - Correct Answer-Wo...
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RMI 3567 UPDATED Exam Questions And Correct Answers
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1. facilitates real estate transaction 
2. strengthens businesses' ability to operate in risky areas 
3. protects wealth/savings of households in risky areas What are three positive 
externalities that occurred due to access to terrorism insurance? 
negative externality Pollution from gasoline in a car or industrial pollution would be 
examples of what? 
risk pool This is the most common terrorism model for insurance 
Make Available Provision 
Federal Loss Provision What are the two main feat...
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REAL 4000 UGA Dietz Exam 1 Study Review | Latest Version | 2024/2025 | Rated A+
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REAL 4000 UGA Dietz Exam 1 Study 
Review | Latest Version | 2024/2025 | 
 
Rated A+ 
 
What is the primary function of a real estate market analysis? 
 To evaluate the demand and supply conditions for a specific property or type of real estate 
in a particular area. 
 
How do externalities impact property values in real estate? 
 Externalities, such as nearby amenities or negative factors like pollution, can either increase 
or decrease property values based on their influence on desirability. 
...
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Econ 203 Test 1 || All Questions Answered Correctly.
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Society's Goal correct answers To produce an optimal mix of output 
 
Optimal mix of output correct answers the most desirable combination of output attainable using existing resources, technology, and social values. 
 
Market Failure correct answers an imperfection in the market mechanism that prevents optimal outcomes. 
 
Public goods. 
Externalities. 
Market power. 
Inequity. correct answers Specific sources of market failure are: 
 
Private good correct answers a good or service whose consu...
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OPM Prep Exam 1 Questions & Answers 2024/2025
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OPM Prep Exam 1 Questions & Answers 2024/2025 
 
 
product innovations - ANSWERSnew products/product features 
 
process innovations - ANSWERSimprove organizational efficiency 
 
solow residual - ANSWERSthe unaccounted for economic growth in GDP represented technological change 
 
negative externalities of technological innovation on society - ANSWERSpollution, environmental damage, antibiotic resistant bacteria, etc. 
 
innovation funnel - ANSWERS3000 ideas -> 100 leads -> 2-3 products de...
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REE 4103 Exam 1 Questions with Correct Answers 2024 Graded A
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The concepts of land are - Legal, geographic and environmental, economic, and social. 
 
For appraisal purposes, market value may be defined as - The most probable selling price 
 
Appraisal is - The act or process of developing an opinion of value. 
 
What is Chattel? - Personal property is generally considered property that is movable,[1] as opposed to real property or real estate. 
 
What is a fixture? - any physical property that is permanently attached (fixed) to real property (usually land...
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