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Economists often find it worthwhile to make assumptions that do not necessarily describe the real world.
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Q48: An optimal tax on pollution would result
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Q187: The Coase theorem asserts that the private
Q221: In economics, graphs serve two purposes: they
Q262: The externality associated with technology spillovers<br>A)cannot be
Q308: Externalities tend to cause markets to be<br>A)inefficient.<br>B)unequal.<br>C)unnecessary.<br>D)overwhelmed.
Q345: In the circular-flow diagram, payments for labor,
Q462: Suppose a subsidy is offered to consumers
Q507: Refer to Figure 10-4. If all external
Q578: A demand curve shows the relationship<br>A)between income