The external benefits of using cars are ____ and the external costs are _____?

Related Mcqs:

Spending on motoring as a % of household expenditure in the UK shows that motoring is ?

A. Environmentally damaging B. an inferior good C. a potential public good D. a superior good...

Between 1990 and 1999 car ownership per thousand of the population fell in ?

A. Spain B. Belgium C. USA D. UK...

In the UK, electricity industry parts are a ____ and other parts are ___ ?

A. nationalized; privatized B. natural monopoly; potentially competitive C. cartel; a sellers’ market D. monopolistic competition duopoly...

Sales staff are keen to sell extended warranties because ?

A. extended warranties offer value for money. B. the cost of repair will usually exceed the cost of the warranty C. they are paid commission on each extended warranty they sell. D. They are concerned about customer satisfaction....

The theory of the second best suggests that in the absence of perfect competition a privatized industry should charge a price of ?

A. p = Z B. P = MC + Z C. p = MC D. P = MC – Z...