Suppose that person A and B have a microeconomics class together and they like to talk to each other during class. This activity has costs and benefits for this group (private costs and benefits). This group is disruptive to the learning environment for their classmates, and so their behavior imposes a cost on the rest of the class, termed an external cost. This group (i.e., person A and B) is imposing a ____________ on their other classmates.

In children with acute diarrhea, which of the following management strategies is recommended to restore and maintain hydration?

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)

Letter “A” is pointing to the ___________ artery.

(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.  

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?