1) According to the textbook, which of the following would be an example involvi
ID: 2439766 • Letter: 1
Question
1)
According to the textbook, which of the following would be an example involving a positive externality?
(2pts)
national defense
pollution
health insurance
beekeeping
2)
According to the textbook, which of the following would be an example involving a negative externality?
(2pts)
texting while driving
national defense
health insurance
beekeeping
3)
According to the textbook, which of the following would be an example involving a pure public good?
(2pts)
an economics lecture
education
beekeeping
health insurance
4)
According to the textbook, which of the following would be an example involving asymmetric information?
(2pts)
education
beekeeeping
national defense
the used car market
Explanation / Answer
a) "beekeeping would have a lot of positive externality in the market".
b) "Texting while driving will have a negative externality".
c) "Education" will be a pure public good.
d) "The used car market" will be an example of asymmetry information market.
Related Questions
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.