A Pigouvian subsidy
A. cannot exist with externalities.
B. is the same thing as a Pigouvian tax.
C. is measured in terms of Pigouvian dollars.
D. moves production to the socially optimal level of output.
D. moves production to the socially optimal level of output.
You might also like to view...
In October 2008, Congress passed the ________, under which the Treasury provided funds to banks in exchange for stock
A) Bank Rescue Alliance Treaty (BRAT) B) Mortgage Transfer Agency (MTA) C) Financial Assurance Association (FAA) D) Troubled Asset Relief Program (TARP)
The output gap of zero indicates that
A) nominal GDP is equal to Real GDP. B) GDP is equal to GNP. C) the balance between unemployment and inflation has been reached. D) actual real GDP is equal to natural real GDP.
Which of the following is included in the expenditures approach to GDP?
A. Government spending on welfare payments B. Spending on meals by consumers at restaurants C. Spending on used clothing at garage sales D. The value of stocks and bonds bought by businessmen
Briefly describe revealed preference and stated preference as means of determining the value of a statistical life.
What will be an ideal response?