1. In the circular flow of financial activity surplus budget units are net lenders of funds while deficit budget units are net borrowers. Group of answer choices True False 2. External benefits (or positive externalities) are more likely to be present in the following market: Group of answer choices trucking industry (regulation) Electric power Educational services airline industry (regulation) 3. When external benefits are present in the production and delivery of a good or service, the market by itself without government intervention, will produce more than the optimal amount. Group of answer choices True False

1. In the circular flow of financial activity surplus budget units are net lenders of funds while deficit budget units are net borrowers. Group of answer choices True False 2. External benefits (or positive externalities) are more likely to be present in the following market: Group of answer choices trucking industry (regulation) Electric power Educational services airline industry (regulation) 3. When external benefits are present in the production and delivery of a good or service, the market by itself without government intervention, will produce more than the optimal amount. Group of answer choices True False

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter10: Externalities

Section: Chapter Questions

Problem 1QR

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Question

Answer all pls with explanation I will like your ans.

1. In the circular flow of financial activity surplus budget units are net lenders of funds
while deficit budget units are net borrowers.
Group of answer choices
True
False
2. External benefits (or positive externalities) are more likely to be present in the
following market:
Group of answer choices
trucking industry (regulation)
Electric power
Educational services
airline industry (regulation)
3. When external benefits are present in the production and delivery of a good or
service, the market by itself without government intervention, will produce more
than the optimal amount.
Group of answer choices
True
False

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Plz
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