Which of the following methods could be used to correct for external costs?
A) Impose a tax or an effluent fee on the offenders.
B) Have the offender clean up the pollution it caused.
C) Require firms in the industry to install pollution control devices.
D) All of the above would be appropriate.
D
You might also like to view...
If Jacqueline is willing to accept $1 for a cupcake and Jameson is willing to pay $3 for a cupcake, the cooperative surplus will ________ if the negotiated price is $1.50 as opposed to $2.00
A) increase B) decrease C) not change D) All of the above are possibilities.
All of the following government actions create barriers to entry EXCEPT
A) limiting the number of airlines that may operate at an airport. B) granting a patent to a drug company. C) requiring a pizza parlor to get a business license. D) giving a power company exclusive use of the city's transmission lines.
Hiring a white worker may be statistically safer for the employer than hiring a minority
Indicate whether the statement is true or false
If there is an excess supply of money in the money market, there must be an excess supply of bonds in the bond market
a. True b. False