In the Presence of a Negative Externality,a Specific Tax Can

question 91

Multiple Choice

In the presence of a negative externality,a specific tax can achieve the social optimum because

• A) output is reduced to zero as a result.
• B) it internalizes the external cost.
• C) it directly charges the producer for polluting.
• D) the price of the good rises by the full amount of the tax.

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Definitions:

Optimism and Hope

Psychological states that involve a positive outlook on life and the future, expecting good things to happen and believing that goals and desired outcomes are attainable.

Diverse Populations

Groups of people with varying characteristics such as racial, ethnic, socio-economic, and cultural backgrounds.

Identifying Client's Strengths

The process in therapy of recognizing and emphasizing a client’s abilities, skills, and positive attributes to build resilience and support therapeutic goals.

Established Set

A pre-existing framework or mindset that influences how a person perceives and responds to new information or experiences.