In the Presence of ________ Externalities, Too Much of the Good

question 90

Multiple Choice

In the presence of ________ externalities, too much of the good is produced and in the presence of ________ externalities, too little of the good is produced.

• A) positive; negative
• B) negative; positive
• C) positive; no
• D) no; negative

---

Definitions:

Endorser

An individual or entity that signs and backs a document, often a negotiable instrument, indicating their support and assurance.

Special Endorsement

An endorsement on a negotiable instrument, such as a check, specifying the person to whom or the entity to which the instrument is to be paid.

Promissory Note

A promise in writing, signed by the maker, to pay a sum certain in money to the person named therein, or bearer, at some fixed or determinable future time, or on demand.