What Message Did Erasmus Send in His Work Praise of Folly

question 9

Multiple Choice

What message did Erasmus send in his work Praise of Folly ?

• A)He wanted political reform.
• B)He wanted religious reform.
• C)He pressed for educational change.
• D)He encouraged the use of vernacular literature.
• E)He wanted a return to simple virtues.

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Definitions:

Pigouvian Tax

A tax imposed on any market activity that generates negative externalities, intended to correct an undesirable or inefficient market outcome.

Socially Optimal

A condition or outcome that maximizes the overall welfare of society, often considered in economics and public policy to evaluate efficiency and equity.

Pollution

The presence or introduction into the environment of substances or things that have harmful or poisonous effects.

Pigouvian Subsidy

A financial incentive given by the government to encourage activities that have positive externalities, or beneficial effects on society that are not reflected in the market price.