Externality Study guides, Class notes & Summaries

EC238 Test Bank - Quiz Bank Environmental Economics Questions and Answers Latest. Chap 1_4ce Student: 1. A(n) in the economic world is something that leads people to channel their production and consumption efforts in a specific direction. A. moral obligation C. property right D. ethical motive 2. Any economic system will produce destructive environmental impacts if the within the system are not structured to avoid them. A. ethics B. prices D. incentives 3. A small coastal community...

The law attempts simultaneously to be ____________ and also maintain a reasonable degree of ____________. - correct answer -The law attempts simultaneously to be *flexible* and also maintain a reasonable degree of *certainty* Laws provide a framework within society. They are made *prescriptively* and *proscriptively*. What do each of these terms mean? - correct answer -*Prescriptively* - command conduct which must be done *Proscriptively* - command conduct which must NOT be done What tw...

Bloomberg ESG Certification - Introduction to ESG and Sustainable Finance Questions and Answers 100% Pass Why do traditional valuation models, like discounted cash flow, fail at capturing the full range of risks companies face today? Choose one. A. They do not consider compliance risk. B. They offer limited, deterministic and potentially misleading insights. C. They are outdated. D. They do not consider reputational risk. - Correct Answer ️️ -B. They offer limited, deterministic and ...

Test Bank for Modern Competitive Strategy 4th Edition Competitive Advantage Multiple Choice Questions 1. What determines the value of a product? A. its technology B. its market price C. the price the customer would be willing to pay for it in the absence of competing products and given budget constraints D. the market prices of competing products 2. Which of the following are isolating mechanisms? A. causal ambiguity B. property rights C. search costs D. all of the above 3. Which ...

Production Possibility Frontier Supply and demand diagram showing equilibrium Supply and demand surplus Increase in demand Decrease in demand Increase in supply Decrease in supply Consumer surplus Producer surplus Inelastic demand Elastic demand Unitary elastic demand Perfectly elastic demand Perfectly inelastic demand Inelastic supply Elastic supply Substitutes diagram Ad valorem tax Tax diagram Subsi...

NAF Business Economics: Final Exam Review Questions & Answers 2023/2024 The field of study that examines how people and societies make decisions that enable them to get the most out of their limited resources. - ANSWER-Economics Economic side effect that affects an uninvolved third party. - ANSWER-Externality A categorized list of words that are related to a particular topic. - ANSWER-Taxonomy What do economists study? - ANSWER-How people, businesses, and societies make decisions w...

MGT 300 Exam 2 Latest Update 100% Correct Ethics The moral principles, values, and beliefs that govern group or individual behavior according to what is right or wrong and what contributes to the balanced good of all stakeholders Ethical Dilemma A situation in which no choice is entirely right Preconventional Stage An individual's moral decisions is based primarily on self-protection or self-interest Does things based on rewards/punishment Conventional Stage An individual's...

Law - correct answer -Requirements for human conduct applying to all persons within their jurisdiction. Public Goods - correct answer -Necessary and beneficial commodities that private entities will not supply because there is no incentive in providing them. Externality - correct answer -When the production or consumption of a good affects someone who does not fully consent to the effect and when the costs of the good are not fully incorporated in the price of the good. Monopoly - corre...

WGU C718 Full Study Guide Questions | 104 Questions with 100% Correct Answers | Verified | Latest Update | 25 Pages What is the definition of economics? - Answer ️️ -the study of how humans make decisions in the face of scarcity What are economic and accounting profits? - Answer ️️ -Accounting - profit computed using only explicit costs Total revenue - Explicit costs = accounting profit Economic - profit computed using explicit and implicit costs Total revenue - Explicit costs -...

Economics correct answers the study of how society manages its scarce resources 5 principles correct answers 1. People Face Trade-Offs 2. Opportunity Cost 3. People respond to incentives 4. Markets are usually a good way to organize economic activities 5. Governments can sometimes improve market outcomes 1. People Face Trade-Offs correct answers Individual Trade-Offs Society's Trade-Offs -efficiency and equality -ex: progressive income tax (equ. inc, effic. dec) 2. Opportunity...