If those who consumed common resources were subject to a tax that was equal to the external costs that they imposed due to the negative externality created, their demand curve would shift:
A. down and they would consume more.
B. down and they would consume less.
C. up and they would consume less.
D. up and they would consume more.
Answer: B
You might also like to view...
Which of the following is an example of product differentiation based on the intangible aspects of a product?
a. An electronic company advertising its new range of slim smartphones b. A consumer durables company advertising its number of years of operation c. A car mechanic opening his new workshop near a busy highway d. An electronic company offering a warranty of 2 years for its air conditioners
As a general rule, what impact does technological progress have on a PPC?
What will be an ideal response?
Which of the following equations correctly describes the U.S. balance of payments in 2017?
a. current account balance – financial account balance + statistical discrepancy = net balance
b. current account balance + financial account balance – statistical discrepancy = net balance
c. current account balance + financial account balance + statistical discrepancy = net balance
d. current account balance – financial account balance - statistical discrepancy = net balance
Which of the following will tend to cause an increase in technology?
A. the development of new ideas B. increases in human capital C. an increase in research and development expenditures D. all of these