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
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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
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
A PPF can be used to illustrate:
(a) Producer Profit; (b) Opportunity Cost; (c) Market Equilibrium; (d) None of the above.
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?