1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
kotegsom [21]
2 years ago
10

If the production of a good created both external costs and external benefits, but the external costs were greater, without gove

rnment intervention, a market economy will:_____.
Business
1 answer:
hichkok12 [17]2 years ago
3 0

If the production of a good created both external costs and external benefits, but the external costs were greater, without government intervention, a market economy will ​not produce the product at all.

In the production and consumption of goods and services, there exist costs that are passed on to a third party. The general public, who is ultimately responsible for paying for them, is in fact subsidizing goods and services with external costs.

External costs are still necessary to be paid for even when they are not included in the product's price. It is ultimately the responsibility of society as a whole to pay for external costs through taxes, accident compensation, medical expenditures, insurance premiums, deterioration in environmental quality, and losses in natural capital.

Usually, the price of goods and services includes External costs, which results in a higher overall cost. Because consumers frequently select the lowest options, clean, sustainable products have a pricing disadvantage.

Learn more about External costs here

brainly.com/question/13524644

#SPJ4

You might be interested in
The first group of customers to enter the market for a new product are called: a. the late majority. b. laggards. c. passive sho
Bas_tet [7]

Answer: Innovators

Explanation:

Innovators are customers who take risk, seek changes and are also the earliest to purchase a new product. They are able to tolerate high risk which enables them to try products in the initial stage of its life cycle ahead of other customers.

Their tolerance for high risk makes them try out new products such as new technologies even though the product may fail eventually. They have huge financial liquidity which enables them try new products. They are also called influencers because they influence other people in the society about the product.

8 0
3 years ago
If you have contacted a seller to report a problem with a product and you were ignored, what should you do next?
KatRina [158]
Call back and try to report the problem again.
8 0
2 years ago
Why is there a difference between interest charged and interest earned? A)Banks are non-profit institutions.B)Banks are profit-m
skelet666 [1.2K]

The correct answer is choice b.

Banks are profit-making institutions. Their purpose is to make a profit for their owners or stockholders. They need to charge more interest on the money that they loan out than what they pay on savings accounts so that there is a profit for them.

5 0
2 years ago
Inez hires josh to paint her portrait to her satisfaction for $4,000. when josh finishes the portrait, inez announces that she i
mamaluj [8]

If Inez is not satisfied with the painting by Josh, Inez does not have to accept the portrait or pay Josh any money. Inez does not have to pay Josh at all.

7 0
2 years ago
Watts Corporation made a very large arithmetical error in the preparation of its year-end financial statements by improper place
daser333 [38]

Answer:

a prior period adjustment

Explanation:

A prior period adjustment -

It is the correction of the accounting error which took place in the past and was written in the prior year of financial statement , net of the income taxes , is known as a prior period adjustment .

It is the method to fix the previous problem of past during the reporting .

hence , the correct term fro the given statement is a prior period adjustment .

5 0
2 years ago
Other questions:
  • MC Qu. 142 Memphis Company anticipates total... Memphis Company anticipates total sales for April, May, and June of $840,000, $9
    7·1 answer
  • At the polling place you will need to show three forms of identification. True or False?
    12·1 answer
  • Jerry bought his home 15 years ago for $60,000. Three years ago, Jerry married Debbie and she moved into the same house and has
    14·1 answer
  • A customer has an existing portfolio that is mainly invested in high quality corporate bonds for stable income. As market intere
    9·1 answer
  • "Issues such as marketing’s position and authority in a firm’s hierarchy, the customer orientation of the firm, and the emphasis
    15·1 answer
  • Lily Tucker (single) owns and operates a bike shop as a sole proprietorship. In 2019, she sells the following long-term assets u
    13·1 answer
  • What are the answers to the management quiz 13,14,15, and 16
    8·1 answer
  • What term describes a ban or restriction on trade with another country?
    10·2 answers
  • Which of the following do you NOT need to open a checking account?
    10·1 answer
  • roponents of zero inflation argue that a successful program to reduce inflation a. permanently raises unemployment. b. eventuall
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!