Which of the Following Is a Cost of Internalizing a Negative

question 108

Multiple Choice

Which of the following is a cost of internalizing a negative externality?

• A) Less output is produced.
• B) External costs are larger.
• C) The level of pollution rises.
• D) Taxes must increase to cover the external cost.
• E) The government must pay firms to encourage them to change production techniques.

Understand Andrew Jackson's presidency's overarching themes, including his stance on nullification and the national bank.

Understand the definition and significance of economic theories, principles, and generalizations.

Grasp the concept of "other things equal" and its importance in economic analysis.

Recognize the purposeful nature of economic decisions.

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Definitions:

Mitchell Corn Palace

A unique American folk art venue in Mitchell, South Dakota, known for its murals made from corn and other grains.

Washington Monument

A towering obelisk in Washington, D.C., built to commemorate George Washington, the first president of the United States.

Elvis Museum

A museum dedicated to the life, music, and legacy of Elvis Presley, showcasing artifacts, costumes, and memorabilia associated with the iconic singer.

Freudian Slip

An unintentional error in speech or action that is believed to reveal a subconscious thought or feeling, as per the theories of Sigmund Freud.