Chapter 15: Micro Flashcards
1
Q
Arrow impossibility theorem
A
410
2
Q
Coase theorem
A
399
3
Q
Command and control
A
400
4
Q
Contingent valuations
A
393
5
Q
Convergence of positions
A
409
6
Q
Cost-benefit analysis
A
392
7
Q
Emission taxes
A
404
8
Q
Externality
A
394
9
Q
Free-rider problem
A
390
10
Q
Government failure
A
407
11
Q
Internalise
A
398
12
Q
Marginal private benefit
A
396
13
Q
Marginal private cost
A
395
14
Q
Marginal social benefit
A
396
15
Q
Marginal social cost
A
395
