Why Are Consumers Attracted to the Sharing Economy

question 13

Multiple Choice

Why are consumers attracted to the sharing economy?

• A) lower prices
• B) better accessibility
• C) great flexibility
• D) all of the above

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Definitions:

Corrective Taxes

Taxes designed to correct the market outcomes that are not efficient by themselves, usually by discouraging negative externalities.

Market-Based Solution

Strategies or policies that use market forces and principles to address and solve economic and social issues.

Pollution

The release of pollutants into the environment, leading to harmful changes, typically resulting from human actions.

Pollution Permits

Allowances or credentials issued by governing bodies that enable the holder to emit a specific amount of pollutants over a set time period.