When There Is an Externality in a Market

question 214

Multiple Choice

When there is an externality in a market,

• A)the externality will move the market to an economically efficient equilibrium.
• B)the externality will cause the market price to be less than or greater than the equilibrium price.
• C)the government should use price controls to enable the market to reach equilibrium.
• D)government intervention may increase economic efficiency.

Learn to identify and apply appropriate query types for specific data manipulation tasks.

Understand the function and implementation of Delete queries.

Recognize the role of joins in querying related tables.

Grasp the concept and execution of Update queries for modifying table data.

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Definitions:

Persuasive Powers

The ability to convince others to adopt a certain perspective, belief, or to make a decision in one's favor through argument or appeal.

Loyalty

The quality of being faithful or devoted to a person, country, group, or cause.

Caution Signals

Indications or warnings that suggest a potential problem or risk in a situation, especially relevant in decision-making processes.

Buyer

An individual or entity that purchases goods or services for personal use or for the use of an organization.