The Government Can _______________ Change an Inefficient Market Outcome (In

question 81

Multiple Choice

The government can _______________ change an inefficient market outcome (in the case where there is a negative externality) into an efficient outcome by imposing a tax on the activity that generates the negative externality.

• A) in almost all situations
• B) possibly
• C) not
• D) in all situations
• E) a or d

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Definitions:

Descriptive Technique

A research method used for observing and describing behavior in a natural setting without influencing it.

Statistical Procedure

A sequence of operations applied to a set of data to extract information, assess assumptions or test hypotheses.

Pseudoscience

Practices, beliefs, or methodologies that claim to be scientific and factual but lack empirical evidence, scientific method, or are incompatible with scientific research.

Sample Size

The number of individuals or observations used in a survey or scientific study, which can significantly impact the reliability and validity of the study's conclusions.