Reference no: EM132308465
1. Which of the following would most likely be considered a positive externality?
a. The benefits that remain within the business
b. Favorable public opinion about the firm’s products
c. Benefits from a business’s decision that spill over to third parties
d. A pro-business regulation that decreases the requirements on the private sector
2. The Commerce Clause of the U.S. Constitution broadly specifies the power accorded to the federal government to regulate business activity.
TRUE OR FALSE
3. When a business does not realize all of the benefits of its decision, this situation is known as a positive externality.
True or False
4. Congress has the exclusive discretion over foreign commerce according to the judiciary’s interpretation of the Commerce Clause.
True or False
5. Which of the following would most likely be considered a positive externality?
a. The benefits that remain within the business
b. Favorable public opinion about the firm’s products
c. Benefits from a business’s decision that spill over to third parties
d. A pro-business regulation that decreases the requirements on the private sector