Perhaps the Most Explosive Urban Riots of the 1960s,which Left

question 22

Multiple Choice

Perhaps the most explosive urban riots of the 1960s,which left 43 dead and caused $500 million in property damage,took place where in the summer of 1967?

• A)Yorkville
• B)Detroit
• C)Watts
• D)Newark

---

Definitions:

Pollution

The contamination of air, water, or soil by substances that are harmful to living organisms.

Pigouvian Tax

A tax imposed on any market activity that generates negative externalities, intended to correct the market outcome by internalizing the costs of the externality.

Marginal Social Cost

The complete expense incurred by society to produce an extra unit of a good or service, encompassing both individual costs and external impacts.

Marginal Social Benefit

Marginal social benefit is the additional gain to society as a whole from an additional unit of a good or service.