The External Costs of Alcohol Consumption Are Related To, Among

question 200

Multiple Choice

The external costs of alcohol consumption are related to, among other things, death and injury related to auto accidents caused by drunk drivers.These costs have been estimated to be about 47 cents per ounce of alcohol consumed.Taxes on alcohol amount to 23 cents per ounce.This suggests that alcohol consumption is (i) greater than the efficient or optimal amount; (ii) should be reduced to zero to eliminate the externality.

• A)i and ii
• B)i not ii
• C)ii not i
• D)neither i nor ii

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Definitions:

Babbling

Describes the early stage of child language development characterized by the production of sounds or syllables that do not form recognizable words.

Schemes

Cognitive frameworks or patterns of action and thought used for processing and organizing information.

Holophrase

A single word used by an infant that expresses a complete idea or sentence.

Morphemes

The smallest grammatical units in a language that carry meaning.