One policy the government can use to remedy the effects of pollution caused by the production of a good is to

a. lower the price of the good
b. create positive externalities to compensate for the negative ones
c. levy a tax on each unit of the good produced
d. create free riders
e. increase the production of the polluting good


C

Economics

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Which of the following is FALSE?

a. To reduce cannibalization among products, reposition a product so that it does not directly compete with the other b. After acquiring a substitute product, lower prices on both the products c. After acquiring a complementary product, lower prices on both the products d. All of the above

Economics

Refer to Figure 5.6. Which diagram shows a decrease in income with bread being normal and soup being inferior?



A. A

B. B

C. C

D. D

Economics

A PPF can be used to illustrate:

(a) Producer Profit; (b) Opportunity Cost; (c) Market Equilibrium; (d) None of the above.

Economics

Last week Stephanie quit her job as a copywriter at an advertising agency. She has spent the past few days browsing the help wanted ads but hasn't found anything that matches her skills. Stephanie is best classified as:

What will be an ideal response?

Economics