Which of the Following Statements Is Not Correct

question 261

Multiple Choice

Which of the following statements is not correct?

• A)A patent is a way for the government to encourage the production of a good with technology spillovers.
• B)A tax is a way for the government to reduce the production of a good with a negative externality.
• C)A tax that accurately reflects social costs produces the socially optimal outcome.
• D)Government policies cannot improve upon private market outcomes.

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Definitions:

Elder Care

The provision of support and services to meet the needs of older adults, including medical, personal, and social care.

Disabled

A term referring to individuals who have impairments that may be physical, cognitive, mental, sensory, emotional, developmental, or some combination of these, which significantly hinders their ability to perform certain tasks or activities.

Stressed

Experiencing mental or emotional strain or tension resulting from adverse or demanding circumstances.

Asian American Men

Describes males of Asian descent living in the United States, focusing on their cultural, social, and psychological experiences and challenges within the broader American context.