Exam (elaborations)
ECONOMICS 201>Chapter 10 Externalities EXAM. Complete Solution. 100 Points.
- Course
- ECONOMICS 201
- Institution
- University Of Arizona
1. Markets sometimes fail to allocate resources efficiently. ANS: T DIF: 2 REF: 10-0 NAT: Analytic LOC: Markets, market failure, and externalities TOP: Market failure MSC: Interpretive 2. When a transaction between a buyer and seller directly affects a third party, the effect is called an externali...
[Show more]