Which of the following will lead to an efficient private solution if negative externalities are present in a market?
A) The party having the legal right is taxed.
B) The party creating the externality has the legal property right.
C) The party suffering from the externality has the legal property right.
D) The parties involved negotiate with each other and reach an agreement.
D
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The organization responsible for the conduct of monetary policy in the United States is the
A) Comptroller of the Currency. B) U.S. Treasury. C) Federal Reserve System. D) Bureau of Monetary Affairs.
A main reason the federal government may choose to spend would be the:
A. desire to achieve full-employment GDP. B. real interest rates decrease. C. government expected to earn a large return on its spending. D. real interest rates increase.
Jed had an exam score of 50 percentage points. There is an extra credit assignment that Jed can complete that will raise his exam score by 20 percentage points. Jed has determined that the extra credit assignment will take 10 hours of his time
Jed will complete the assignment he values the A) 20 percentage points more than the 10 hours of his time. B) 10 hours of his time more than the 20 percentage points. C) 70 percentage points more than the 10 hours of his time. D) wants a higher score.
People who often create benefits for the minority and impose the cost on the majority are called:
a. fair-interest groups. b. encounter groups. c. laissez-faire groups. d. special-interest groups.