If Consumers of Common Resources Were Subject to a Tax

question 94

Multiple Choice

If consumers of common resources were subject to a tax equal to the external costs imposed due to the negative externality created:

• A)an efficient level would be reached.
• B)total surplus would be maximized for society.
• C)individuals would consume less.
• D)All of these are true.

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Definitions:

Input Data Validation

A process that checks and verifies the input data for correctness, completeness, and security before it is processed by the program.

Pretest Loop

A loop in programming that checks its condition before executing the body of the loop, ensuring the loop runs zero or more times.

Repetition

In programming, refers to the action of repeating a set of instructions a specified number of times or until a certain condition is met, often achieved through loops.

Condition

An expression that can be evaluated as true or false, typically used in decision-making structures within programming.