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5. Global warming and biodiversity are examples of

a. national externalities

b. local externalities

c. international externalities.

d. none of the above

Understanding International Externalities

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29 Oct 2020

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Related textbook solutions

Principles of Economics

2nd Edition, 2017

ISBN: 9781947172364

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ISBN: 9781947172388

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Related questions

Market power and externalities are examples of:

a. imperfect information

b. government interventions

c. market failures

d. None of the above

browngrasshopper198

12. Bargaining costs are generally high in cases involving environmental externalities because

a. it is difficult to measure the costs of the externalities.

b. many individuals may be affected by externalities.

c. there are strong incentives to be a free rider.

d. all of the above.

7. Because externalities represent a case where markets no longer consider all social costs, but only some of them, economists commonly refer to externalities as an example of

a. state failure

b. society failure

c. market failure

d. none of the above

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