Multiple Choice
If the punishment associated with breaking a government ban is not severe enough, it may:
A) not alter the trade-offs enough to change the consumption patterns of the banned good.
B) increase consumption of the good, exaggerating the problem.
C) still decrease consumption of the good if the price of the good changes.
D) still be effective if it gains enough media attention.
Correct Answer:
Verified
Correct Answer:
Verified
Q73: When a good is not easily excludable,
Q74: Which of the following is a way
Q75: What result can we expect to see
Q76: In many areas, local governments have placed
Q77: All solutions to market failures in markets
Q79: Which of the following is not a
Q80: Tradable permits are useful in allocating common
Q81: Most goods are:<br>A)exclusive.<br>B)public goods.<br>C)rival in consumption.<br>D)nonrival in
Q82: When fishing at a pond, catching and
Q83: When a good is nonexcludable and rival