Where There Are Spillover (Or External) Benefits from Having a Particular

question 139

Multiple Choice

Where there are spillover (or external) benefits from having a particular product in a society, the government can make the quantity of the product approach the socially optimal level by doing the
Following, except

• A) subsiding the buyers of the product.
• B) taxing the sellers of the product.
• C) subsidizing the sellers of the product.
• D) providing the product itself.

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Definitions:

Divergent Thinking

A thought process or method used to generate creative ideas by exploring many possible solutions.

Convergent Thinking

A cognitive process in which the focus is directed at arriving at a single, correct solution to a problem.

Optimality Theory

A conceptual framework in linguistics that hypothesizes that observable forms of language arise from the interaction between conflicting constraints.

Savant Syndrome

A condition where someone with significant mental disabilities exhibits extraordinary abilities in a specific area, such as memory, music, math, or art.