Government intervention to reduce the level of pollution is prompted by the existence of
A. Negative externalities.
B. Government failure.
C. A monopoly.
D. An inequitable distribution of income.
Answer: A
You might also like to view...
The effect of an import quota on the domestic market is to shift the:
a. demand curve to the right by the amount of the quota. b. demand curve to the left by the amount of the quota. c. supply curve to the right by the amount of the quota. d. supply curve to the left by the amount of the quota. e. consumers' marginal utility curves if they prefer foreign goods to domestic goods.
The account which records a nation's foreign economic transactions is called the:
a. Exchange Market. b. Trade Account. c. Balance of Payments. d. T account.
Explain why insurance companies may find themselves at times having to refuse business.
What will be an ideal response?
Refer to the table. The outcomes of the three possible sets of paired-choice majority votes illustrate the:
A. paradox of voting.
B. inefficiency of logrolling.
C. principal-agent problem.
D. the benefits of majority rule.