Consider a Situation in Which a Utility Company Emits High

question 165

Multiple Choice

Consider a situation in which a utility company emits high levels of sulfur dioxide and the company is not liable for the damages its pollution causes.According to the Coase theorem, government action is ________ to achieve an ________ amount of pollution.

• A)necessary; equitable
• B)necessary; efficient
• C)not necessary; equitable
• D)not necessary; efficient

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Definitions:

Normative Social Influence

The persuasive power of individuals in our circle influencing us to transform in ways that ensure their acceptance and affection.

Public Conformity

The act of changing one's behavior or beliefs to align with those of others in a group, often due to perceived social pressure, even if privately disagreeing with the group norms.

Secret Ballot

A voting method in which voters' choices are anonymous, safeguarding the confidentiality of the vote to prevent coercion and manipulation.

Electric Shock

A sudden discharge of electricity through a part of the body, causing injury or temporary neurological disruption.