Externalities arise because someone consumes something that has an external benefit or cost for others (1)___________(True/False) Externalities arise because someone produces something that has an external benefit or cost for others (2)___________(True/False)

(1)_____________ is nonrivalrous in consumption, that is, consumption by one person does not reduce the consumption by another person (2)_____________ is rivalrous in consumption, that is, consumption by one person reduces the consumption for another person.  

Letter “A” is pointing to the ___________ artery.

Marginal social cost (MSC)  Marginal private cost (MPC)  Marginal external cost (MEC) Marginal social benefits (MSB)  Marginal private benefits (MPB)  Marginal external benefits (MEB) The above exhibit shows, as a shaded triangle, the net social cost of moving from the socially optimal output to the market output, when the socially optimal output is (1) ____________________ than the market output.  This is a case of  (2) ____________________

_____________ exists when one party to a transaction changes his behavior in a way that is hidden from or costly to the other party. For example, once we are covered by insurance, we may take greater risks, knowing the insurance will cover our mistakes. 

What structure is indicated by letter “I”?

What blood type is indicated by Roman Numeral IV?

In a cascaded Op-Amp configuration designed for complex signal processing, how does the output of one stage affect the next stage?

What blood type is indicated by Roman Numeral I?

What type of white blood cell is indicated by “C”?