An External Benefit Is a Benefit That

question 292

Multiple Choice

An external benefit is a benefit that

• A) is enjoyed by someone other than the buyer of a good.
• B) always equals external cost.
• C) experiences increasing marginal returns.
• D) is greatest at the equilibrium point.

Analyze the role of financial markets and institutions in the global economy.

Understand the effects of globalization and financialization on labor standards, employment, and environmental policies.

Evaluate the impact of trade barriers and their removal on industries and economies.

Identify the benefits and criticisms of foreign direct investment and international investment.