Which of the Following Statements Is Not Correct

question 178

Multiple Choice

Which of the following statements is not correct?

• A)Patents help internalize the externalities associated with technological advances.
• B)Economists typically prefer regulations to corrective taxes because regulations provide more incentives for firms to seek continued reductions in pollution.
• C)Allowing firms to trade pollution permits will lower the total cost of reducing pollution.
• D)A big impediment to implementing the Coase theorem in many cases is high transactions costs.

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Definitions:

Aleksander Archipenko

A Ukrainian-born sculptor and illustrator, considered a pioneer of modern sculpture for his innovative use of materials and methods to achieve abstract forms.

Human Body

The physical structure of a human being, including the skeletal, muscular, circulatory, and neurological systems.

Void

An empty space or a feeling of emptiness.

Early-20th-Century Movement

Refers to various artistic, literary, and cultural movements that characterised the first decades of the 20th century, such as Modernism, Expressionism, and Cubism.