The downside to targeting specific activities rather than the externality itself is:
A. it risks misaligning the incentives that producers and consumers face with the goal of minimizing the externality.
B. it requires a number of different activities to be identified and several different policies to be written, which can be cumbersome and difficult to manage.
C. any one activity is likely to not make a significant difference in the presence of an externality.
D. All of these statements are true.
A. it risks misaligning the incentives that producers and consumers face with the goal of minimizing the externality.
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By mid-century, American workers benefited by state regulations providing for
a. a minimum wage in manufacturing. b. pensions for long-term employees. c. a ten-hour upper limit on the work day. d. periodic breaks for workers during the work day. e. All of the above.
The percent of population that experiences transient poverty at some point in their lives is:
A. less than 10 percent. B. approximately 12 percent. C. more than 25 percent. D. approximately 40 percent.
Members of the Board of Governors of the Fed are
a. elected to two-year terms by the Electoral College. b. appointed by the president for four-year terms and confirmed by the Congress. c. appointed by the president for 14-year terms and confirmed by the Senate. d. appointed by the president for 14-year terms and confirmed by the Supreme Court.
If a good or service has only one seller, then the seller is called a monopoly
a. True b. False Indicate whether the statement is true or false