Governments can deal with externalities through the use of

a. subsidies.
b. taxes.
c. price controls.
d. All of the above are correct.


d

Economics

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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.

Economics

The period in which there are no fixed costs is the

A. Implicit run. B. Long run. C. Short run. D. Production run.

Economics

Because resources are scarce, the opportunity cost of investment in capital is

A. forgone present consumption. B. infinite. C. zero. D. forgone future consumption.

Economics

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

Economics