Multiple Choice
When the government bans a good:
A) the cost of breaking the ban needs to be sufficiently high in order to be effective.
B) it changes the trade-offs consumers face.
C) it will only be effective if it can be easily enforced.
D) All of these statements are true.
Correct Answer:
Verified
Correct Answer:
Verified
Q1: When what people pay does not necessarily
Q3: Using tradable allowances instead of quotas may
Q4: An example of a good that is
Q7: Fireworks would be considered:<br>A)a common resource.<br>B)a private
Q7: The similarity between markets for common resources
Q8: When faced with a market failure,the government:<br>A)usually
Q8: If the punishment associated with breaking a
Q9: When a good is not easily excludable,what
Q18: Nonexcludable goods tend to be undersupplied because:<br>A)
Q35: When we consider solving a free rider