​A Rain Barrel Is a Container That Captures and Stores

question 119

Multiple Choice

​A rain barrel is a container that captures and stores rainwater for landscape and garden use during dry periods. Rain barrels provide an external benefit to the community through water conservation. If the government offers a per unit subsidy on rain barrels equal to the per-unit externality, then

• A)​the after-subsidy equilibrium quantity of rain barrels will be less than the socially optimal quantity of rain barrels.
• B)​the after-subsidy equilibrium quantity of rain barrels will be more than the socially optimal quantity of rain barrels.
• C)​the after-subsidy equilibrium quantity of rain barrels will equal the socially optimal quantity of rain barrels.
• D)​market incentives will be distorted and move the allocation of resources away from the social optimum.

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Definitions:

Conceptualization

Conceptualization is the process of defining and clarifying complex ideas, theories, or phenomena, turning vague concepts into precise, actionable frameworks.

Heterosexual

An individual who is sexually attracted to people of the opposite sex, often considered the societal norm in many cultures.

Sexual Universe

An encompassing term that refers to the entirety of sexual experiences, identities, orientations, and expressions.

Marriage Regulation

The laws and policies governing who can marry, under what conditions, and what legal rights and responsibilities arise from marriage.