Suppose the Production of Roses Generates a Positive Externality in That

question 23

Multiple Choice

Suppose the production of roses generates a positive externality in that travelers enjoy the scenic beauty of the garden. An appropriate government policy yielding the efficient outcome would be a:

• A) Pigouvian tax.
• B) Pigouvian subsidy.
• C) system of rose production permits.
• D) reduction in transaction costs.

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Definitions:

Computer Control System

Systems employing computer technology to manage, control, and automate processes, often used in industrial or manufacturing settings.

Ingredients

The components or elements that are combined to create a product, especially in cooking or manufacturing.

Fruit Of The Poisonous Tree

A legal metaphor in the United States that describes evidence that has been obtained illegally, which cannot be introduced in court.

Excluded Evidence

Information or material that is not permitted to be presented to the jury or decision-makers in a legal proceeding due to rules of evidence or prior legal decisions.