When There Are Externalities, Economic Efficiency Can Be Achieved Without

question 128

Multiple Choice

When there are externalities, economic efficiency can be achieved without government intervention:

• A) at no time.
• B) when the externality affects many people and property rights are not well defined.
• C) when the externality affects many people and property rights are well defined.
• D) when the externality affects only a few parties and property rights are not well defined.
• E) when the externality affects only a few parties and property rights are well defined.

Recognize different age structure categories and their significance.

Identify reasons behind population dynamics such as growth, crash, and recovery.

Describe the impact of human activities on extending Earth's carrying capacity and population growth.

Explain the concepts of biotic potential and environmental resistance.

---

Definitions:

Fixed Income

A form of investment under which the borrower or issuer is obliged to make payments of a fixed amount on a fixed schedule, including loans, bonds, and pensions.

Free Exercise Clause

A provision in the First Amendment of the U.S. Constitution that guarantees individuals the right to practice their religion freely, without government interference.

First Amendment

The First Amendment is part of the United States Constitution, protecting freedoms concerning religion, expression, assembly, and the right to petition.

Nuncupative Wills

Wills that are made orally in front of witnesses, usually under circumstances where a traditional written will cannot be executed.