If a Program Requires People to Pay a Price That

question 156

True/False

If a program requires people to pay a price that reflects the cost of an externality associated with their actions that they previously did not pay, it will be in their best interest to change their behavior.

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Definitions:

Articles of Confederation

The first constitution of the United States, ratified in 1781, which established a confederation of states with a weak central government, leading to its replacement by the U.S. Constitution in 1789.

National Policy

A strategic plan or framework adopted by a country's government to guide decisions and achieve rational outcomes.

Congress

The national legislative body of the United States, consisting of two houses: the Senate and the House of Representatives.

Republican Motherhood

The idea that women's role was to cultivate civic virtue in their children, thereby contributing to the health of the republic, emphasized in the United States during the late 18th century.