What Is the Biggest Problem of Using Government Actions Such

question 124

Multiple Choice

What is the biggest problem of using government actions such as taxes and pollution charges to control external costs?

• A) insufficient legal power to enforce the controls
• B) obtaining enough data to determine how much the tax or pollution charge will be
• C) in some situations, there is no known way to control the external costs
• D) political lobbying and voter disagreement
• E) The Coase theorem points out that taxes and pollution charges work only in the short run and not in the long run.

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Definitions:

Religious Denominations

Organized groups within a larger faith tradition, each with its own specific practices, doctrines, and identity.

Land Ownership

The legal right or title someone holds to a portion of land, allowing them to use, manage, and distribute the land as they see fit.

Social Equality

The condition in which all individuals within a society have the same status in certain respects, including civil rights, freedom of speech, property rights, and equal access to social goods and services.

Land Ownership

The legal right to possess, use, and control a piece of land.