Some policies toward externalities provide incentives so that private decision makers will choose to solve the problem on their own. What name do we use for these types of policies?
We call these policies market-based policies.
You might also like to view...
Property promised to the lender as compensation if the borrower defaults is called
A) collateral. B) deductibles. C) restrictive covenants. D) contingencies.
Which of the following prices is least likely to be included in the Consumer Price Index?
a. The price of used bicycles b. The price of a haircut c. The price of imported South American grapes d. The price of a steamroller e. The price of a loaf of bread
Michael values a stainless steel refrigerator for his new house at $3,500, but he succeeds in buying one for $3,000 . Michael's consumer surplus is
a. $500. b. $3,000. c. $3,500. d. $6,500.
There has been much discussion of deregulating electricity and natural gas delivery companies in the United States. Discuss the likely effect of deregulation on prices in these two industries