Governments can deal with externalities through the use of
a. subsidies.
b. taxes.
c. price controls.
d. All of the above are correct.
d
You might also like to view...
Which of the following is the best example of a monopolistic competitor?
a. Wheat farmers. b. Diet centers. c. American Telephone and Telegraph. d. General Motors.
The period in which there are no fixed costs is the
A. Implicit run. B. Long run. C. Short run. D. Production run.
Because resources are scarce, the opportunity cost of investment in capital is
A. forgone present consumption. B. infinite. C. zero. D. forgone future consumption.
Which organization meets regularly to establish rules and settle disputes related to international trade?
A. The United Nations Commission on Trade Law B. The United Nations Conference on Trade and Development C. The World Trade Organization D. The World Economic Forum