Suppose legislation is passed to force an industry to internalize a cost that waspreviously an externality, price will (rise, fall) and the quantity produced will (rise,fall).Select one:O a. fall; fall.O b. fall; rise.O c. rise; fall.O d. rise; rise. How does a real appreciation affect the quantities of imports and exports?Select one:O a. Imports rise; exports are unaffected.O b. Imports fall; exports rise.O c. Imports rise; exports rise.O d. Imports rise; exports fall.O e. Imports fall; exports fall.

A externality that creates cost to the society is negative externality, and to correct the negative…

Suppose legislation is passed to force an industry to internalize a cost that was previously an externality, price will (rise, fall) and the quantity produced will (rise, fall). Select one: O a. fall; fall. O b. fall; rise. O c. rise; fall. O d. rise; rise.

Suppose legislation is passed to force an industry to internalize a cost that was previously an externality, price will (rise, fall) and the quantity produced will (rise, fall). Select one: O a. fall; fall. O b. fall; rise. O c. rise; fall. O d. rise; rise.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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