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One Way to Correct a Negative Externality Is for Government

question 24

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One way to correct a negative externality is for government to subsidize firms to increase the quantities that they are willing and able to manufacture at each price.


Definitions:

Phenotype

describes the observable characteristics or traits of an organism, resulting from the interaction of its genetic composition with the environment.

Heterozygous Carriers

Individuals who have one copy of a recessive gene and one normal gene for a particular trait, potentially passing the recessive gene to their offspring.

Sickle-cell Gene

The sickle-cell gene is responsible for producing abnormal hemoglobin that can lead to sickle-cell anemia, a genetic blood disorder causing red blood cells to assume a sickle shape.

Malaria

A life-threatening disease caused by parasites transmitted to humans through the bites of infected mosquitoes, characterized by fever, chills, and flu-like symptoms.

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