If the Production of Ukuleles Creates a Negative Externality That

question 245

Multiple Choice

If the production of ukuleles creates a negative externality that is not corrected for by the government, the equilibrium quantity of ukuleles is

• A)higher than optimal.
• B)lower than optimal.
• C)efficient.
• D)at a optimal level.

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Definitions:

Cats

Domesticated felines known for their agility, curiosity, and independence, widely kept as pets or for controlling pests.

Humans

Homo sapiens, the species of bipedal primates to which modern human beings belong, characterized by a large brain and capacity for complex language, thought, and social organization.

Sphincter

A circular muscle that normally maintains constriction of a natural body passage or orifice and that relaxes as required by normal physiological functioning.

Pancreas

A gland located in the abdomen that produces digestive enzymes and hormones, including insulin, which helps regulate blood sugar levels.