Multiple Choice
If people took external costs like pollution into consideration:
A) they would consume less of the goods causing these externalities.
B) they would act in a way that is optimal from a societal perspective
C) the markets for these goods creating such externalities would generate greater surplus.
D) All of these statements are true.
Correct Answer:

Verified
Correct Answer:
Verified
Q31: If the costs of coordination and enforcement
Q32: The downside to targeting specific activities rather
Q33: If a production process involved the creation
Q34: If the social cost is greater than
Q37: When a negative externality is present in
Q38: When economists propose taxes as a way
Q39: The distribution of surplus gained from private
Q40: Correcting a market with an externality through
Q41: When a negative externality exists in a
Q112: A carbon tax is an example of:<br>A)a