Who are the only ones not affected when a Pigouvian subsidy is implemented for a positive externality in a market?
A. Consumers
B. Those affected by the externality
C. Producers
D. All of these groups are affected when it becomes internalized.
Answer: D
Economics
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Which function of money eliminates the need for multiple prices for each good as in a barter system?
A) store of value B) standard of deferred payment C) unit of account D) valuable relative to its weight
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The first paper currency issued by the U.S. government was known as the
a. Federal Reserve note b. treasury bill c. greenback d. pound e. gold certificate
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Crowding out is important only in the classical model
a. True b. False
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Which one of these countries has not adopted the euro?
A. Germany B. France C. Italy D. England
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