Suppose That at Present There Are No Laws to Restrict

question 99

Multiple Choice

Suppose that at present there are no laws to restrict pollution produced by the widget industry.The market price of a widget is $20.If the government imposes a tax equal in value to the cost of the pollution,under which circumstances would firms continue to produce widgets

• A)if the cost imposed by the pollution is less than $20 per widget produced
• B)if the private cost of producing a widget equals the cost of the pollution generated per widget
• C)if $20 minus the private cost of producing a widget is greater than the cost of the pollution generated per widget
• D)if $20 minus the private cost of producing a widget is less than the cost of the pollution generated per widget

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Definitions:

Superego

In psychoanalytic theory, the part of the personality that acts as a critical and moralizing force, guiding behavior to conform with societal standards.

Freud

An Austrian neurologist named Sigmund Freud created psychoanalysis, a therapy approach for mental illnesses that involves discussions between a patient and a psychoanalyst.

Unconscious Mind

A part of the mind that is inaccessible to the conscious mind but that affects behavior and emotions.

Conscious Mind

The aspect of the mind that involves awareness of the self, the environment, and one's thoughts and experiences.