If a Producer Must Pay the Cost of His or Her

question 218

Multiple Choice

If a producer must pay the cost of his or her pollution because property rights have been assigned,then

• A) pollution will be completely eliminated.
• B) the supply curve will shift rightward as the new costs are added.
• C) the supply curve will shift leftward as the new costs are added.
• D) consumers will now consume more of the good because the external costs are reduced.
• E) there is no longer any marginal benefit from the good or service being produced.

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Definitions:

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An influential American psychologist who founded the humanistic approach to psychology, emphasizing the importance of the self and the actualizing tendency.

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