When government imposes a tax equal to the external cost of producing a product that generates pollution, the government is said to externalize the internality
Indicate whether the statement is true or false
FALSE
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The Federal Reserve has ________ responsibility for supervising financial institutions.
a. some b. no c. full d. exclusive
In monopoly and perfect competition, a firm should expand production when
A. Price is above marginal cost. B. Price is below marginal cost. C. Marginal revenue is below marginal cost. D. Marginal revenue is above marginal cost.
Hermione is considering an investment that has a ¾ chance of paying a 10 percent rate of return and a ¼ chance of paying 2 percent. What is the average expected rate of return on the investment?
A. 2 percent. B. 6 percent. C. 8 percent. D. 10 percent.
Suppose you can get the typical cable channels (ESPN, MTV, Bravo, etc.) from a cable company, from DIRECTV, or from DISH Network. This market would be described by
A. oligopoly. B. monopoly. C. healthy competition. D. perfect competition.