In the case of externalities, appropriate government corrective policy would be a. taxes in the case of

Question:

In the case of externalities, appropriate government corrective policy would be

a. taxes in the case of external benefits and subsidies in the case of external costs.

b. subsidies in the case of external benefits and taxes in the case of external costs.

c. taxes in both the case of external benefits and the case of external costs.

d. subsidies in both the case of external benefits and the case of external costs.

e. none of the above; the appropriate thing to do would be to do nothing.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Exploring Microeconomics

ISBN: 9781544339443

8th Edition

Authors: Robert L. Sexton

See More Books

Question Posted: May 19, 2024 03:01 AM

See More Questions

Multiple Choice Questions 1. The presence of negative externalities leads to a misallocation of societal resources because a. Whenever external costs are imposed on outside parties, the good should...
Question: What as the average weekly safety inventory level of refined sugar from the beginning January 2022 to the end of July 2022? A. 512,465.9691 metric tons per week B. 316,002.1474 metric tons...
QUIZ... Let D be a poset and let f : D D be a monotone function. (i) Give the definition of the least pre-fixed point, fix (f), of f. Show that fix (f) is a fixed point of f. [5 marks] (ii) Show that...
Suppose treacle is an array of 10 floats. Declare a pointer that points to the first element of treacle and use the pointer to display the first and last elements of the array.
How do R groups constrain the potential conformations of a protein?
1- To the best of your knowledge, explain how each determinant of health contributes to the current health of a parent or guardian. 2- Define and a provide an example for each of the following terms:...
How many edges are in a complete graph with 12 vertices? Use the given figure. Us Graph A = S U S Graph B U t Graph C S Graph D S
Income Effects of Receivables Transactions Sandburg Company requires additional cash for its business. Sandburg has decided to use its accounts receivable to raise the additional cash and has asked...
Find the nth Taylor polynomial for the function, centered at c. 1 f(x ) = 0 =4 c =5 2 PA( X ) =
What is the best level of pollution?
Assume that production of a good generates external benefits of consumption. The market equilibrium price of the good will be _________ and the equilibrium quantity _________ for efficient resource...
The Caplans contract with Faithful Construction, Inc., to build a house for them for $360,000. The specifications state all plumbing bowls and fixtures . . . to be Crane brand. The Caplans leave on...
A chain of gasoline dispensers recorded sales in 2003 of 15,659 gallons; and in 2011 they had a sale of 11,669. What is the projected sale of gasoline for the year 2017? (Note: Round your answer to...
2. (30 marks) You are asked to use the k-means algorithm to cluster the following 8 examples into 3 clusters: P1=(2,10), P2=(2,6), P3=(8,4), P4=(5,8), P5=(7,4), P6=(6,4), P7=(1,2), P8=(4,9). (a)...
discuss the concept of ecological niche and niche differentiation, including how environmental gradients, resource availability, and species interactions determine species' ecological requirements...
Consider the following graph. g(x) + abc (a) Identify the input value(s) where the slope of the function is zero. X
(a) What is the value of the synergic gains from the merger? Your answer should be in millions and accurate to two decimal places (e.g., 10,500,000 should be entered as 10.50). Price #...
Discuss some of the major benefits to be gained from budgeting.
Chapter 9 Stock Valuation at Ragan Engines Input area: Shares owned by each sibling Ragan EPS Dividend to each sibling Ragan ROE Ragan required return Blue Ribband Motors Corp. Bon Voyage Marine,...
As of 3 0 June 2 0 2 3 , Laragh Ltd ' s balance sheet disclosed the following details about its assets and liabilities: Assets ( $ 0 0 0 ) : Computers at cost: 3 0 0 Accumulated depreciation: ( 6 0 )...
PR 1 . 1 : Prime solutions - Prepare the following budgets for the three months ended 3 1 August using the information and templates provided below: a ) Sales. - in dollars b ) Production. - in units...
Budgeting at Tesla Values: Item Budgeted Amount Actual Amount Revenue $100,000,000 $95,000,000 Expenses $50,000,000 $48,000,000 Requirements: Prepare a flexible budget variance report. Calculate the...

In the case of externalities, appropriate government corrective policy would be a. taxes in the case of

Question:

Step by Step Answer:

Exploring Microeconomics

Students also viewed these Business questions