Multiple Choice
When negative externalities are present,it means that:
A) individuals don't take into account all the costs associated with their market choice.
B) society bears part of the cost borne of private transactions.
C) production and consumption is above the socially optimal level.
D) All of these statements are true.
Correct Answer:
Verified
Correct Answer:
Verified
Q67: All externalities:<br>A) are harmful to society and
Q68: If a Pigovian tax is not large
Q69: Who gains surplus when consumers in a
Q70: If the social benefit is greater than
Q71: If the revenues from a Pigovian tax
Q73: If a negative externality were present in
Q74: When a market is corrected for externalities,it:<br>A)
Q75: Pigovian taxes are used to counterbalance:<br>A) negative
Q76: Who loses surplus when consumers in a
Q77: Who is affected when a Pigouvian subsidy