Oscar Owns a Meat Processing Plant Whose Unpleasant Odors Waft

question 234

Multiple Choice

Oscar owns a meat processing plant whose unpleasant odors waft across the city.Because the production of processed meat provides a negative externality to the community, the government should:

• A)impose a tax on Oscar's production of processed meat, since the market quantity is less than the socially optimal quantity.
• B)subsidize Oscar's production of processed meat, since the market quantity is greater than the socially optimal quantity.
• C)subsidize Oscar's production of processed meat, since the market quantity is less than the socially optimal quantity.
• D)impose a tax on Oscar's production of processed meat, since the market quantity is greater than the socially optimal quantity.

---

Definitions:

Gender

The socially constructed roles, behaviors, expressions, and identities of girls, women, boys, men, and gender diverse people.

Pie Charts

A graphical representation where a circle is split into segments, with each segment depicting a part of the total.

GPA

Grade Point Average, a numerical measure of a student's academic performance, calculated by dividing the total amount of grade points received by the total amount of credit hours attempted.

Gender

A social construct that refers to roles, behaviors, activities, and attributes that a given society considers appropriate for men and women.