Please help me this quiz is done at 11:59 These are the four questions I\'ve got

Question

Please help me this quiz is done at 11:59

These are the four questions I've got wrong.

If the USE of a good by consumers produces a negative externality what do we expect? The social benefit from the good is less than the private benefit The social cost of the good is more than the private cost The social benefit from the good is higher than the private benefit The socil ost of the god is lessthian the private cost Question3 0/1 pts Which of the following government interventions sets a quantity limit in the face of a negative externality and allows the market to determine the price? Regulation Corrective subsidies Corrective tax Tradable permits

Explanation / Answer

1. The social cost of the good is more than private cost.

Social cost is greater than private cost under negative externality.

2. Tradable permits

It sets limit on the quantity produced in the economy.

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