One Method of Correcting for ____ Externalities Is to Create

question 123

Multiple Choice

One method of correcting for ____ externalities is to create a ____ to make sure the market accounts for all costs and benefits.

• A) market failure; tax
• B) negative; tax
• C) positive; mechanism
• D) positive; tax
• E) negative; free market

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Definitions:

Multimodal

A distribution characterized by having two or more modes or peaks, indicating the presence of multiple subgroups or clusters within the data.

Peaks

The highest points or maximum values, often in the context of a graph or a series of data points.

Valleys

Low areas or depressions between hills or mountains, often characterized by a river or stream running through them.

Demographic Questions

Questions used in surveys or studies that collect data about the characteristics of the population, such as age, gender, and income.