To solve the problem of negative externality it is very important to determine the faulty party,so that they can be taxed or punished to correct externality.
Answer-A
The issue of negative externalities cannot be resolved until what is clearly defined? Select one: O...
The issue of negative externalities cannot be resolved until what is clearly defined? Select one: a. The faulty party b. The cost to society c. Property rights d. Equilibrium price and quantity
Question 32 1 pts Air pollution is an example of a negative externality. What is the reason for the presence of negative externalities? O The price of the product is too high. O The output of the product is too low. O Measurement error. O Property rights are not well defined.
1. Market failure can be caused by a. too much competition. b. externalities. c. low consumer demand. d. scarcity. 1B. If the use of a common resource is not regulated, a. no one can enjoy it. b. it will tend to be underused. c. property rights will be clearly defined. d. it will be overused.
Which of the following is not an effective method to reduce negative externalities? Select one: a. relying on voluntary compliance b. taxing the output of industries that pollute c. creating legal environmental standards d. increasing public spending on cleanup and reduction of pollution
Correcting for negative externalities - Taxes versus tradable permits Power stations emit sulfur dioxide as a waste product. This generates a cost to society that is not paid for by the firm; therefore, pollution is a negative externality of power production. Suppose the U.S. government wants to correct this market failure by getting firms to internalize the cost of pollution. To do this, the government can charge firms for pollution rights (the right to emit a given quantity of sulfur...
A beta of -1.8 is considered: A; Defensive or aggressive cannot be defined until the beta of the market is known. B: Aggressive because it is negative C: Defensive because it is negative. D: Defensive because it is less than 1 E: Aggressive because it’s absolute value is greater than 1.
The cost of intangible assets of an intellectual nature is composed primarily of: Select one: a. Legal fees and the purchase price to obtain rights from a second party b. Cerebral material c. Real property d. Scholarly books
Which of the following is NOT associated with externalities? Select one: a. social costs of production do not equal private costs of production b. externalities are a type of market failure c. externalities are inevitable and there is nothing that can be done about them d. externalities may be positive or negative
Text questions Which of the following is correct? Negative externalities in production (negative externality in production) result in Choose one: a. That too much will be produced and the price too low. b. exactly the right quantity will be produced by the product. c. That too much will be produced and the price too high. d. That too little will be produced and the price too low. e. That too little will be produced and the price too high.
As society is near total pollution abatement O A. the marginal cost to society falls but then rises. O B. the marginal cost to society falls. O c. the marginal cost to society equals the marginal benefit to society. OD. the marginal cost to society rises. Technological change that makes it easier to produce in a "cleaner" fashion would cause O A. the marginal cost curve of pollution abatement to shift right, increasing the degree of air quality OB. the...