In Market X, the External Benefit of Consumption Is $5

question 93

Multiple Choice

In Market X, the external benefit of consumption is $5. InMarket Y, the external cost of consumption is $10. Efficiencyin both markets could be achieved by:

• A)a tax of $5 in Market X and a subsidy of $10 in Market Y.
• B)subsidizing both markets.
• C)taxing Market Y and subsidizing Market X.(True Answer )Correct
• D)taxing both markets.

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Definitions:

Staffing Issues

Challenges related to the recruitment, retention, management, and scheduling of employees in an organization.

Organization's Entire Staff

Refers to all employees, from every department and level, working within an organization, encompassing both management and non-managerial roles.

Internal Factors

Refers to influences within an organization that affect its operations and performance, such as company culture, employee skills, and management styles.

Human Resources Strategies

Plans and approaches developed to manage and develop an organization's workforce effectively, aligning HR functions with overall business objectives.