1261. A positive externality occurs when :
A. The social minor expenses are higher than the confidential peripheral expenses
B. An item isn’t given in the unregulated economy
C. The social minimal expense rises to the social minor advantage
D. The social marginal benefits are higher than the private marginal benefits *
1262. If the price in a market is fixed by the government below equilibrium :
A. There is excess equilibrium
B. There is excess supply
C. There is excess demand *
D. There is equilibrium
1263. If the price in a market is fixed by the government above equilibrium :
A. There is excess equilibrium
B. There is excess supply *
C. There is excess demand
D. There is equilibrium
1264. The demand for a product would be more inelastic :
A. The more noteworthy is the time getting looked at
B. The more noteworthy is the quantity of substitutes accessible in purchasers
C. The more affordable is the item comparable to wages *
D. All of the above
1265. The price elasticity of demand is the :
A. Percentage change in quantity demanded divided by the percentage change in price *
B. Rate change in cost isolated by the rate change in amount requested
C. Dollar change in amount requested isolated by the dollar change in cost
D. Rate change in amount requested isolated by the rate change in amount provided
1266. When supply increases in an agricultural market farmer’s earnings might fall because :
A .Supply is price elastic
B. Demand is price inelastic *
C. The public authority purchases up all the abundance creation
D. All result should be sold at a greatest cost
1267. Which of the following is the government most likely to subsidies ?
A. Negative externalities
B. Positive externalities *
C. Monopolies
D. Oligopolies
1268. With a positive externality :
A. There is under utilization in the unrestricted economy *
B. There is over utilization in the unrestricted economy
C. The public authority might expense to diminish creation
D. Society could be made off in the event that less was created
1269. A public good :
A. Is provided by the government
B. Is free
C. Has the properties of benign non-excludable and non diminishable *
D. Has external costs
1270. Nationalization occurs when :
A. The public authority offers resources for the confidential area
B. The government bans a product
C. The government takes control of an industry *
D. The government taxes a product to a raise its price