Multiple Choice
In summarizing the research on the externalities associated with driving cars, a 2007 Journal of Economic Literature article concluded that the optimal corrective tax on gasoline in the United States, in 2015 dollars, would be about
A) $0.50 per gallon.
B) $0.90 per gallon.
C) $2.58 per gallon.
D) $2.78 per gallon.
Correct Answer:
Verified
Correct Answer:
Verified
Q117: A corrective tax places a price on
Q154: Suppose the government levies a corrective tax
Q187: Markets sometimes fail to allocate resources efficiently.
Q432: Figure 10-9 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1273/.jpg" alt="Figure 10-9
Q433: If the social value of producing a
Q434: Figure 10-19 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1273/.jpg" alt="Figure 10-19
Q436: Figure 10-13. On the graph, Q represents
Q438: A positive externality will cause a market
Q439: In terms of their economic effects, which
Q440: Assume that your roommate is very messy.