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
16
Q
Median voter theorem
A
409
17
Q
Negative externalities
A
394
18
Q
Non-excludability
A
390
19
Q
Non-rivalry
A
389
20
Q
Positive externality
A
394
21
Q
Private remedies
A
399
22
Q
Property rights
A
399
23
Q
Public choice models
A
408
24
Q
Public good
A
389
25
Q
Tradable permits
A
405
26
Q
Transaction costs
A
400
27
Q
User fee
A
391
28
Q
Voting paradox
A
409
