1.Transport economics is an applied area of economics that is concerned with the efficient use of society’s scare resources for the movement of people and goods True/False 2. Holding everything else constant, an improvement in technology affecting the manufacture of a particular good will……. a. Shift the supply curve to the left b. Shift both the demand curve and the supply curve to the left c. Shift the supply curve to the right d. Shift both the demand curve and the supply curve to the right 3. In economics, an externality is a cost that is imposed on a third party who did not agree to incur that cost or benefit. True/False

1.Transport economics is an applied area of economics that is concerned with the efficient use of society’s scare resources for the movement of people and goods True/False 2. Holding everything else constant, an improvement in technology affecting the manufacture of a particular good will……. a. Shift the supply curve to the left b. Shift both the demand curve and the supply curve to the left c. Shift the supply curve to the right d. Shift both the demand curve and the supply curve to the right 3. In economics, an externality is a cost that is imposed on a third party who did not agree to incur that cost or benefit. True/False

Principles of Microeconomics

7th Edition

ISBN:9781305156050

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter12: The Design Of The Tax System

Section12.2: Taxes And Efficiency

Problem 2QQ

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