One way to make consumers take a negative externality into account in their demand decision is to:
A. give suppliers a production credit.
B. subsidize the purchase of the item.
C. place a tax on the item.
D. None of these statements is true.
Answer: C
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If KeKe, age 32, worked 12 hours as a paid employee the week before the Current Population Survey, KeKe is classified in the Current Population Survey as ________ when calculating the unemployment rate
A) a discouraged worker B) employed C) underemployed D) not in the labor force E) unemployed
Relative growth rates of the standard of living in the United States and Europe indicate that workers in ________ have chosen to "spend" ________ of their higher productivity on leisure rather than on consumption of market goods and services
A) Europe, a significant part B) the United States, a significant part C) Europe, almost none D) the United States, almost all
List and briefly explain the primary goals of the Fed
What will be an ideal response?
If government decides to produce a collective consumption good, taxes have to be levied to finance the production. In evaluating government provision then, the benefits of public production have to be _____
a. high b. weighed against the excess burden of taxation c. positive d. weighted against the tax incidence on poor families