If there are both external benefits and external costs associated with the production and consumption of a good, and the external benefits are less than the external costs,
a. Taxing it could bring us closer to the efficient solution
b. Subsidizing it could bring us closer to the efficient solution
c. Neither a tax or a subsidy could bring us closer to the efficient solution
d. None of the above is true.
a
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Who among the following is considered to be in the labor force?
A) retirees B) full-time students C) discouraged workers D) unemployed workers
Which of the following would have the lowest switching costs?
a. a customer ordering from Papa John's instead Pizza Hut b. an individual getting rid of a PS3 game system and beginning to use a Wii game system c. a company changing from a QWERTY keyboard to a keyboard with a different format d. a customer moving a bank account from one bank to another
The discount rate is typically:
A. higher than federal funds rate. B. lower than federal funds rate. C. about the same as federal funds rate. D. determined by the government, and does not correlate with other interest rates.
The result of the large tax cuts in the first Reagan Administration demonstrated very convincingly that Arthur Laffer was correct when he asserted that cuts in tax rates would increase tax revenue
a. True b. False Indicate whether the statement is true or false