Which of the Following Statements Is Not Correct

question 178

Multiple Choice

Which of the following statements is not correct?

• A)Patents help internalize the externalities associated with technological advances.
• B)Economists typically prefer regulations to corrective taxes because regulations provide more incentives for firms to seek continued reductions in pollution.
• C)Allowing firms to trade pollution permits will lower the total cost of reducing pollution.
• D)A big impediment to implementing the Coase theorem in many cases is high transactions costs.

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Definitions:

Diversity

The inclusion of a wide range of different people, ideas, cultures, and characteristics in a group or organization.

Racism

Prejudice, discrimination, or antagonism directed against someone of a different race based on the belief that one's own race is superior.

Low-context

A communication style where messages are explicit and specific, relying less on situational and non-verbal cues.

Explicitly Spelled Out

Information or instructions that are provided in a clear, direct, and detailed manner, leaving no room for confusion or interpretation.