Refer to the information provided in Figure 16.1 below to answer the question(s) that follow. 
Figure 16.1 Refer to Figure 16.1. The ________ imposed as a result of producing the efficient level of fertilizer is $250.
A. marginal private cost
B. tax
C. total damage
D. marginal social cost
Answer: C
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Which of the following types of taxes achieves vertical equity: a proportional tax, regressive tax, and/or progressive tax?
When society relies on voluntarism to resolve environmental problems it
A. oftentimes is very successful. B. is an unreliable option. C. is more effective than pollution charges. D. is more effective than pollution allowances.
The table below shows how the marginal benefit of pizza dinners varies for Luigi with the number consumed per month.Dinners per monthMarginal benefit per dinner1$4.002$3.003$2.004$1.00Suppose the price per dinner is $4.99 and accurately reflects the marginal cost of the dinners to Luigi. Assuming that Luigi is rational, he will:
A. consume two pizza dinners this month. B. consume three pizza dinners this month. C. not consume any pizza dinners this month. D. consume one pizza dinner this month.
The price of government bonds and the interest rate received by a bond buyer are:
A. positively related. B. unrelated. C. inversely related. D. independent of Federal Reserve open-market operations.