Some Policymakers Have Argued That Products Like Cigarettes, Alcohol, and Sweetened

question 97

Multiple Choice

Some policymakers have argued that products like cigarettes, alcohol, and sweetened soft drinks generate negative externalities in consumption.All else equal, if the government decided to impose a tax on pop, the equilibrium quantity of pop would ________ and the equilibrium price of soda would ________.

• A)increase; increase
• B)increase; decrease
• C)decrease; increase
• D)decrease; decrease

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Definitions:

Superordinate Powers

Refers to superior authority or power, often in the context of a hierarchical structure where certain entities have overarching control over others.

Interpersonal Commitment

A psychological and emotional agreement between individuals to support and be loyal to one another.

Individualists

People who prioritize personal goals and independence over group objectives, often valuing individual freedom and self-expression.

Team Spirit

The feelings of camaraderie, enthusiasm, and dedication shared among members of a team toward achieving common goals.