Unit 9 Word Scramble
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| Question | Answer |
| What do you refer when you talk about nagetive production externalities? | 1- Negative externalities of production refer to external costs created by producers. 2- It refer to internal costs created by firms. 3- Both of them. |
| What are the reasons for underprevision? | 1- The good may have positive externalities. 2- Low levels of income and property. 3-Consumer ignorance. 4- All the options are correct. |
| Governments can also pursue policies relying on the market to correct externalities like: | 1- Taxes 2- Subsidies 3- Tradable permits 4- All answers are correct. |
| What are the possible government responses for asymmetric information? | 1- Regulation and provision of information. 2- Ban the access to the information. |
| Monopoly power is considered to be socially undesirable because it leads to: | 1- Allocative inefficiency. 2- Productive inefficiency. 3- Lower output and a higher price of the industry than the output and price of a more competitive market. 4- All the answers are correct. |
Created by:
mariavarela
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