济学导论问题集第七部分答案.pdfVIP

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Econ001-IntroEconSingaporeManagementUniversity

JungwonYeoTerm2,2013/14

AnswerKeytoSGProblemSet07

PARTI:ReviewQuestions

1.False(undersupply→oversupply)

2.b(Whenthereisapositiveexternality,thefreemarketoftenleadstoanoutputlevelsmallerthanthe

sociallydesirablelevel)

3.b4.True5.c

6.a(Thisisabouthiddenactionoftheinformed

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