A negative externality : is a cost that escapes a transaction and falls on innoc

Question

A negative externality :

is a cost that escapes a transaction and falls on innocent outside parties.

is present in unregulated financial markets.

is true for all of these answers.

leads to the overproduction of a product.

President Trump's Council of Economic Advisors Chairman is:

Greg Mankiw

Kevin Hassett

Alan Krueger

Jason Furman

The Great Recession in the U.S. (2007-2009) was not as severe as the 1980-1982 recessions.

True

False

In our comparison of cumulative inflation rates from 2003-2015, the highest rate was college tuition and fees, overtaking health care costs.

True

False

Fiscal policy

involves changing interest rates.

is enacted by the Federal Reserve.

involves changing taxes and government spending.

involves changing the money supply.

Pure public goods are:

non-excludable, indivisible, and non-rival.

non-rival but exclude.

excludable, divisible, and non-rival.

rival but non-excludable.

is a cost that escapes a transaction and falls on innocent outside parties.

is present in unregulated financial markets.

is true for all of these answers.

leads to the overproduction of a product.

Explanation / Answer

A negative externality is a csst that escapes a transaction and falls on innocent outside parties, is presented in unregulated financial markets and also leads to the overproduction of a good. Hence, option(C) i.e it is true for all of these answers is correct.

President Trump's council of Economic Advisors Chairman is Kevin Hassett . Hence, option(B) is correct.

FALSE Because the great recession in the U.S (2007-2009) was a severe financial crisis.

Fiscal policy involves changing taxes and government spending and it is controlled by the federal government. Hence, option(C) is correct.

Pure public goods are non-excludable , indivisible and non-rival. This means that no one is excluded from taking the benefit of public good , no one excluded from consuming it , consumption by one o=person doesn't reduce its availability to others.Hence, option(A) is correct.

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