Which of the following statements is not true? Externalities are those costs arising from production of goods that are not reflected in market prices. Water is a non-renewable resource. Non-renewable resources have a fixed supply. Renewable resources are capable of being replenished.

Micro Economics For Today
10th Edition
ISBN:9781337613064
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter14: Environmental Economics
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Which of the following statements is not true?
Externalities are those costs arising from production of goods that are not
reflected in market prices.
Water is a non-renewable resource.
Non-renewable resources have a fixed supply.
Renewable resources are capable of being replenished.
Transcribed Image Text:Which of the following statements is not true? Externalities are those costs arising from production of goods that are not reflected in market prices. Water is a non-renewable resource. Non-renewable resources have a fixed supply. Renewable resources are capable of being replenished.
Which of the following externalities represents the disruption to local tradersâ
profits of an international fixture at a large sports stadium?
Production on consumption.
Consumption on consumption.
Consumption on production.
All of the above.
Transcribed Image Text:Which of the following externalities represents the disruption to local tradersâ profits of an international fixture at a large sports stadium? Production on consumption. Consumption on consumption. Consumption on production. All of the above.
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