Positive Externalities

question 499

Multiple Choice

Positive externalities

• A)result in a larger than efficient equilibrium quantity.
• B)result in smaller than efficient equilibrium quantity.
• C)result in an efficient equilibrium quantity.
• D)can be internalized with a corrective tax.

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Definitions:

Highly Educated Workers

Individuals who have attained a high level of education, typically resulting in specialized skills and knowledge.

Low-income Countries

Nations with a gross national income (GNI) per capita significantly lower than the global average, often characterized by limited economic resources and infrastructure.

High-income Countries

Nations with a gross national income per capita significantly above the global average, indicating advanced economic development.

Total Wage Bill

The total wage bill refers to the aggregate amount of wages paid by an employer or within an economy to its employees over a certain period.