Since Trash Generation Involves an Externality, the Way Economists Might

question 132

Multiple Choice

Since trash generation involves an externality, the way economists might address the problem of trash generation that is most likely to be optimal is by:

• A) integrating the cost of the externality into the initial price of the good.
• B) having the government require mandatory sorting and recycling of trash.
• C) having the cost of the externality be paid by the government.
• D) not allowing persons to throw away more trash than is acceptable as a maximum.

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Definitions:

Prolonged Illness

A health condition that persists for an extended period of time, often requiring ongoing medical attention or therapy.

Sullen

Characterizes an individual showing irritation or bad temper through gloomy silence or reserve, often indicative of moodiness or dissatisfaction.

Arrested

The act of law enforcement taking a person into custody, usually because there is reason to believe they have committed a crime.

Awaiting Trial

The status of a person who has been charged with a crime and is awaiting the commencement of their trial.