When Collective Action Is Taken,e

question 195

Multiple Choice

When collective action is taken,e.g. ,the passing of a new law,it is frequently an attempt to

• A) eliminate a negative externality.
• B) encourage a positive externality.
• C) increase the income of lawyers.
• D) correct a resource misallocation due to an externality.
• E) further burden the operation of the economy.

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Definitions:

Mild Soap

Mild soap is a type of cleansing agent that is less harsh on the skin, designed to effectively cleanse without stripping the skin of its natural oils.

Moisturizing Lotion

A topical preparation used to hydrate and soften the skin, often containing a combination of emollients and humectants.

Earplugs

Devices inserted in the ear canal to protect the wearer's ears from loud noises or to prevent water from entering.

Auditory Nerves

The cranial nerves that transmit sound information from the inner ear to the brain.